Ather Energy jumps 9% to record high as market-cap crosses ₹50,000 crore ahead of fundraise
Ather Energy shares surged 9% to ₹1,309.95, pushing market-cap past ₹50,249 crore before a board meeting on fundraising. Hero MotoCorp approved a ₹1,000 crore investment, while Ather plans a ₹2,500 crore raise including a ₹1,500 crore QIP to fund a new mass-market EV scooter platform across ~700 dealers.
Ather Energy shares surged 9% to a record, pushing market-cap past ₹50,000 crore ahead of a fundraising board meeting. Hero MotoCorp approved a ₹1,000 crore investment; Ather plans a ₹2,500 crore raise and a new mass-market EV scooter platform.