Ashish DhawanReligare EnterprisesHero MotoCorpNational Stock Exchange of IndiaGovernment of SingaporeAther Energy

Hero MotoCorp buys 3.01% Ather Energy stake for Rs 1,758 crore; Ashish Dhawan raises Religare holding above 5%

Hero MotoCorp has acquired a 3.01% stake in Ather Energy for ₹1,758 crore, while investor Ashish Dhawan increased his holding in Religare Enterprises to over 5% by purchasing 1.11% more equity for ₹88.16 crore, as reported on August 28.

Moneycontrol.com28 August 2026 · 17:36 UTC
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Hero MotoCorp has made a significant investment by acquiring a 3.01% stake in Ather Energy for ₹1,758 crore, purchasing 1.18 crore equity shares at ₹1,480 apiece from the Government of Singapore. This move underscores Hero MotoCorp's commitment to expanding its footprint in the electric vehicle market.12

In a separate transaction, Ashish Dhawan, a prominent investor, has increased his stake in Religare Enterprises to over 5% by acquiring an additional 1.11% equity stake for ₹88.16 crore. He purchased 38 lakh shares at ₹232 apiece, raising his total holding to 5.24% as of June 2026.34

The stock performance of Religare Enterprises saw its shares close at ₹233.05 on the National Stock Exchange, reflecting a 0.49% decline after a volatile trading session. Meanwhile, Ather Energy's shares surged, becoming the biggest gainer among F&O stocks, rising 8.09% to a record closing high of ₹1,616.30 on the NSE.

Key Insight
“Ather Energy shares surged 8.09% to a record closing high of Rs 1,616.30 on the NSE, making it the biggest gainer among F&O stocks. The transaction was executed at Rs 1,480 per share, with the Government of Singapore selling its stake.”
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Moneycontrol.com
“Well-known investor Ashish Dhawan has bought an additional 1.11 percent equity stake in Religare Enterprises, while promoter Hero MotoCorp has picked up shares worth Rs 1,758 crore in electric two-wheeler maker Ather Energy through open market transactions on August 28.”
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