Ather Energy to Raise $200M via QIP; Taps HSBC, Axis Capital, Nomura
Electric two-wheeler maker Ather Energy plans a $200M qualified institutional placement as early as next week, appointing HSBC, Axis Capital and Nomura. Shares hit a record ₹1,177.25, up 250% from IPO price and 19% over four sessions, aided by Delhi's new EV policy approval. Capital supports retail and network expansion.
Electric two-wheeler maker Ather Energy plans a $200M QIP as early as next week, appointing HSBC, Axis Capital and Nomura. Shares hit record highs, boosted by Delhi's new EV policy approval.