Ather Energy Prices Rs 1,200-Crore Raise; Hero MotoCorp, Japan India Fund Anchor at Rs 1,230/Share
Ather set the issue price for a Rs 1,200-crore preferential fundraise via shares at Rs 1,230 and warrants at Rs 1,260, with Hero MotoCorp investing Rs 1,000 crore. The raise coincides with its first mass-market e-scooter launch, Q4 revenue up 73.7% to Rs 1,175 crore, and a 7.87% stock rally.
Ather Energy set issue price for a Rs 1,200-crore fundraise via preferential shares and warrants to Hero MotoCorp, promoters and Japan India Fund, alongside launching its first mass-market electric scooter amid a strong stock rally.