What Changes with Ather Energy IPO for Hero Motocorp?
The Ather Energy IPO, currently open as of April 29, 2025, will see Hero Motocorp relinquish its special rights.
Hero, holding a 37.2% stake, currently enjoys privileges like board observer rights and access to sensitive information.
However, SEBI regulations mandate these rights terminate post-listing to ensure equal treatment of shareholders.
Hero first invested Rs 205 crore in Ather in 2016, growing its stake over time.
Legal experts highlight the need for Ather to manage potential conflicts, given Hero’s competing Vida brand, which holds a 2% market share compared to Ather’s 12.3%.
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