Ather Energy raises Rs 1,300 crore via QIP, allots shares at Rs 1,202 apiece
Ather Energy successfully raised Rs 1,300 crore via a qualified institutional placement. The company also secured Rs 1,200 crore from existing investors, totaling Rs 2,500 crore. These funds will support manufacturing expansion and new product development initiatives. Ather plans to invest significa
The Bharath News1 min readSource: ET Jobs
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Ather Energy successfully raised Rs 1,300 crore via a qualified institutional placement. The company also secured Rs 1,200 crore from existing investors, totaling Rs 2,500 crore. These funds will support manufacturing expansion and new product development initiatives. Ather plans to invest significantly in a new Maharashtra facility to boost production capacity. This capital infusion follows a recent IPO and strengthens Ather's market position.
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