{"id":109175,"date":"2023-09-06T16:58:04","date_gmt":"2023-09-06T11:28:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109175"},"modified":"2023-09-06T16:58:07","modified_gmt":"2023-09-06T11:28:07","slug":"hero-motocorp-and-gic-contribute-900-crore-rupees-to-ather-energy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/hero-motocorp-and-gic-contribute-900-crore-rupees-to-ather-energy\/","title":{"rendered":"Hero MotoCorp and GIC contribute 900 crore rupees to Ather Energy"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1266773401\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Wednesday Electric two-wheeler maker Ather Energy said that the company has raised Rs 900 crore from existing shareholders Hero MotoCorp and GIC through a rights issue.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3447625463\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Ather Energy said in statement that the firm intends to use the cash for the introduction of new products as well as the growth of its retail network and charging infrastructure.<\/p><p>&#8220;There was strong support for the rights issue and we are very happy to see the confidence exhibited by shareholders,&#8221; Ather Energy Chief Executive Officer &amp; Co-Founder Tarun Mehta said.<\/p><p>On Monday Hero MotoCorp announced that it would invest an additional Rs 550 crore in Ather Energy. Prior to this, in Athre, Hero MotoCorp&#8217;s shareholding in stood at 33.1 per cent.<\/p><div class=\"trade-content_5\" id=\"trade-1881235778\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Mehta said the last few years have demonstrated how quick the electric vehicle transition in India can be and how it will be led by two-wheelers.<\/p><p>&#8220;We have always believed that this transition will be led by world-class technology and products designed and built in India and this year will be no different with our largest outlay on research and development yet, planned in 2023-24.<\/p><p>&#8220;This round will allow us to grow our product portfolio while expanding our footprint,&#8221; he added.&nbsp;<\/p><p>On Wednesday shares of Hero MotoCorp closed 0.02% up at Rs. 2,936.05 and GIC shares closed 1% up at Rs. 230.05 on NSE.<\/p><div class=\"trade-after-content\" id=\"trade-969569188\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Wednesday Electric two-wheeler maker Ather Energy said that the company has raised Rs 900 crore from existing shareholders Hero MotoCorp and GIC through a rights issue. Ather Energy said in statement that the firm intends to use the cash for the introduction of new products as well as the growth of its retail network [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":32952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-109175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hero MotoCorp and GIC contribute 900 crore rupees to Ather Energy - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Wednesday Electric two-wheeler maker Ather Energy said that the company has raised Rs 900 crore from existing shareholders Hero MotoCorp and GIC through a rights issue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/hero-motocorp-and-gic-contribute-900-crore-rupees-to-ather-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hero MotoCorp and GIC contribute 900 crore rupees to Ather Energy\" \/>\n<meta property=\"og:description\" content=\"On Wednesday Electric two-wheeler maker Ather Energy said that the company has raised Rs 900 crore from existing shareholders Hero MotoCorp and GIC through a rights issue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/hero-motocorp-and-gic-contribute-900-crore-rupees-to-ather-energy\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-06T11:28:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-06T11:28:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/hero-1-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/hero-motocorp-and-gic-contribute-900-crore-rupees-to-ather-energy\/\",\"url\":\"https:\/\/tradebrains.in\/features\/hero-motocorp-and-gic-contribute-900-crore-rupees-to-ather-energy\/\",\"name\":\"Hero MotoCorp and GIC contribute 900 crore rupees to Ather Energy - 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