Ather Energy plans $200M India share sale via QIP as early as next week
Electric two-wheeler maker Ather Energy is set to raise up to $200 million through a qualified institutional placement, with HSBC, Axis Capital and Nomura appointed to manage the offering. The capital raise could launch as soon as next week.
Electric two-wheeler maker Ather Energy plans a qualified institutional placement as early as next week to raise up to $200 million, appointing HSBC, Axis Capital and Nomura to manage the India share sale.
Why this matters
Follows Ather Energy's earlier $200M QIP plans to fund manufacturing and retail expansion, and its recent IPO where the retail portion was 63% subscribed on Day 1.
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