SynopsisUnder the preferential issue, the India-Japan Fund will subscribe to Rs 200 crore worth of equity shares, while Hero MotoCorp will invest Rs 960 crore through convertible warrants. Cofounders Tarun Mehta and Swapnil Jain will invest Rs 20 crore each. The preferential issue, increases the size of Ather's earlier planned Rs 1,000-crore preferential allotment to Rs 1,200 crore. Electric two-wheeler maker Ather Energy has approved a Rs 1,200-crore preferential issue, raising fresh capital from Hero MotoCorp, the India-Japan Fund (IJF) and its cofounders Tarun Mehta and Swapnil Jain as part of its broader Rs 2,700-crore fundraising plan, the company said in a stock exchange filing on Wednesday.Under the preferential issue, the India-Japan Fund will subscribe to Rs 200 crore worth of equity shares, while Hero MotoCorpNow Playing
Ather Energy raises Rs 1,200 crore from IJF, Hero Motocorp, founders - The Economic Times
Under the preferential issue, the India-Japan Fund will subscribe to Rs 200 crore worth of equity shares, while Hero MotoCorp will invest Rs 960 crore through convertible warrants. Cofounders Tarun Mehta and Swapnil Jain will invest Rs 20 crore each. The preferential issue, increases the size of Ather's earlier planned Rs 1,000-crore preferential allotment to Rs 1,200 crore.
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