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Hero MotoCorp doubles down on Ather with Rs 1,758 crore investment - The Economic Times
The investment comes soon after Hero invested Rs 960 crore in Ather through convertible warrants. Ather’s exchange filing shows Hero was allotted 76.19 lakh warrants at Rs 1,260 apiece. The warrants are convertible into an equal number of equity shares, with 25% payable upfront and the rest at the time of conversion.
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