India, July 15 -- Shares of Ather Energy jumped more than 9% to touch an all-time high at Rs.1,313.65 on the BSE during the intraday trading today after Hero MotoCorp approved an additional investment of up to Rs.1,000 Cr (about $103 Mn) in the electric two-wheeler maker.

The stock later pared some of its gains amid profit booking and was trading 7.2% higher at Rs.1,290.50 at 10:41 IST. At the time, Ather's market capitalisation stood at Rs.49,602.2 Cr (about $5.1 Bn).

Yesterday, Hero MotoCorp said its committee of directors approved the fresh investment in its associate company through a preferential allotment of equity shares or other equity-linked securities.

"The COD has approved the subscription of equity shares or other eligible ...