“Hero MotoCorp, India’s largest two-wheeler manufacturer, is investing up to Rs 205 crore in electric automotive startup Ather Energy for a 26-30% stake in one of the biggest deals in the nascent sector. Ather has received Rs 180 crore of the total investment with the rest due to be released in tranches. The deal values the three-year-old company at Rs 680 - Rs 790 crore.” reported The Economic Times.
Ather Energy was represented by K Law partner Abhinav Singh, senior associate Puneet Parihar and associates Shria Soundararajan and Unnita Bhattacharya.
Hero Motocorp (HMC) was represented by J Sagar Associates (JSA) led by partner Venkatesh Raman Prasad, senior associate Ronak Ajmera and Aastha Mishra.
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