{
  "id": 3898047,
  "title": "Ather Energy Shares Jump 5% After ₹1,758-Crore Block Deal As Hero MotoCorp Likely Raises Stake",
  "url": "https://urgent.news/2026/08/28/ather-energy-shares-jump-5-after-1-758-crore-block-deal-as-hero",
  "topic": "world",
  "section": "World",
  "published": "2026-08-28T05:09:27.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/ather-energy-shares-jump-5-after-1758-crore-block-deal-as-hero-motocorp-likely-raises-stake"
  },
  "original_language": "en",
  "account": "Ather Energy shares surged over 5% in early trading on August 28 following a substantial block deal worth around ₹1,758 crore. The transaction involved the purchase of nearly 1.19 crore shares, accounting for approximately 3% of the company's total equity. The shares traded at ₹1,480 each, slightly below their prior closing price of ₹1,480. The deal occurred just a day after Hero MotoCorp announced its intention to boost its stake in Ather by acquiring shares from an existing investor. Hero MotoCorp revealed its intent to invest up to ₹1,758 crore in the cash deal, though the specific seller remains undisclosed. The magnitude and timing of the block deal align with the announced investment. After the purchase, Hero MotoCorp's fully diluted stake in Ather is projected to increase to around 32.8%, from 29.88% as of the previous day. The transaction is set to be finalized by September 3. Hero MotoCorp currently holds the largest shareholding in Ather. Additionally, the company recently received convertible warrants worth ₹960 crore from Ather through a separate preferential issue. Ather stock opened at ₹1,577 during early trade, a 5.5% increase from the prior close. The shares have appreciated by approximately 108% year-to-date, outpacing the Nifty 50, which has fallen about 7.9% over the same period. Ather's market capitalization has surpassed ₹62,000 crore. The company recently approved a ₹1,200-crore fund raise, with Hero MotoCorp committing to invest ₹960 crore. Recently, Ather reported a better financial performance, with its Q1 loss narrowing during robust demand for its family-oriented Rizta electric scooter. The company generated ₹3,671.76 crore in revenue for FY26, compared to ₹2,255 crore in FY25 and ₹1,753.8 crore in FY24. Ather specializes in designing, manufacturing, and selling electric two-wheelers, along with running its own charging network.",
  "summary": "Shares of electric two-wheeler maker Ather Energy climbed more than 5% in early trade on August 28 after a block transaction worth around ₹1,758 crore took place in the company. The deal involved nearly 1.19 crore shares, representing about 3% of Ather’s equity. The shares changed hands at ₹1,480 apiece, around 1% below their previous closing price. The transaction came a day after Hero MotoCorp…",
  "key_points": [
    "Ather Energy shares jumped 5% after ₹1,758-crore block deal",
    "Hero MotoCorp likely raises stake, increasing fully diluted holding to 32.8%",
    "Transaction finalized by September 3, aligning with Hero's announced investment"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}