Ather Opens ₹1,500 Cr QIP at ₹1,169.70 Floor, Part of ₹2,500 Cr Raise Backed by Hero, NIIF
Ather Energy opened its QIP at a ₹1,169.70 floor (up to 5% discount to ₹1,298 close), anchoring a ₹2,500 Cr raise that includes Hero MotoCorp's ₹960 Cr and NIIF's ₹200 Cr. Capital fuels a footprint now at 700 experience centres and 548 service centres as E2W retail competition intensifies. Shares rose 7.9%.
Ather Energy opened a QIP at ₹1,169.70 floor price, part of a ₹2,500 Cr raise including Hero MotoCorp's ₹960 Cr and NIIF's ₹200 Cr. It expanded to 700 experience centres in FY26 amid heating E2W retail competition.
Also reported by
- Inc42 — Same time