New Delhi: Stock Heroes Motocorp On Monday jumped nearly 6 percent after the Company’s Council approved further investment to RS 420 Crore on a two-wheeled electricity company.
Stock rose 6 percent to Rs 2,721 on BSE.
In NSE, it jumped 6 percent to Rs 2,722.
The company’s board has approved investment in one stage or more, said the Motocorp hero in a statement.
Before the proposed investment, the ownership of the company’s share in Ather Energy reached 35 percent (based on a completely diluted).
After investment, share ownership will increase and the right share ownership will be determined on the completion of the capital’s maintenance by Aher, the hero of the Motocorp said.
“In accordance with our vision, ‘Be the future of mobility’, we are working on various mobility solutions that appear.” We are one of the initial investors in Energy Aher and continue to expand our relationship for years.
We are happy to see Ather’s energy growth in recent years, “Hero Motocorp Head (Business Unit Mobility Emerging) Swadesh Srivastava noted.
The company aims to expand the brand promise of the Motocorp hero and make the ownership of EV comfortable, hassle-free, and.
Experience of reward for customers Around the world, he added.
The Motocorp hero is an initial investor in Energy Aher and has become part of his growth story since 2016.