Ather board greenlights ₹2,500 Cr raise to fuel retail expansion, manufacturing push
Ather Energy's first post-listing fundraise splits ₹1,500 Cr QIP and ₹1,000 Cr preferential/rights, targeting product development, factory capacity and a deeper retail network of 700 experience centres and 548 service points as TVS, Bajaj and Ola intensify E2W competition.
Ather Energy's board approved raising up to ₹2,500 Cr via QIP (₹1,500 Cr) and other equity instruments (₹1,000 Cr), its first post-listing fundraise, to fund manufacturing, product development and retail network expansion amid intensifying E2W competition.
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