Ather Energy Fund Raise of ₹1,300 Cr
Ather Energy Ltd allotted 1,08,15,307 equity shares via a Qualified Institutions Placement at ₹1,202 per share. The issue raised an aggregate amount of ₹1299.9999014 Crore.
- Value
- ₹1,300 Cr
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Ather Energy Ltd allotted 1,08,15,307 equity shares via a Qualified Institutions Placement at ₹1,202 per share. The issue raised an aggregate amount of ₹1299.9999014 Crore.
Ather Energy completed a QIP, allocating 10,815,307 shares at ₹1,202 each. This fundraise raises approximately ₹1,300 Crore for the company.
Ather Energy approved opening a Qualified Institutional Placement on July 15, 2026. The board set the issue floor price at ₹1,169.70 per equity share.
Ather Energy's board approved a ₹1,200 Crore fund raise via preferential issue of equity and warrants. Allottees include Hero MotoCorp and company promoters.