Hero MotoCorp will make a rights issue investment of 550 crore in Ather Energy.
EV startup Ather Energy will receive an investment of up to 550 crore from Hero MotoCorp via a rights issue, the company said on Monday.
According to an exchange filing, the deal is anticipated to be finished by the end of September. Hero MotoCorp said in January of last year that it would spend up to 420 crores on Ather Energy.
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