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Ather Energy gets board nod for Rs 1,200 crore fund raise, Hero MotoCorp to invest Rs 960 crore
Ather Energy secured Rs 1,200 crore from investors including Hero MotoCorp. Hero MotoCorp will increase its stake to 30.68 percent after this funding. India-Japan Fund also invested nearly Rs 200 crore in the company. Promoters Tarun Mehta and Swapnil Jain will also receive warrants for Rs 20 crore each.
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economictimes.indiatimes.com
Ather Energy fundraising: Ather Energy board to consider fundraising proposal on July 15 - The Economic Times
The company said the capital could be raised through permissible modes, including a preferential issue or any other method allowed under applicable laws.
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newsbytesapp.com
Ather Energy board to consider fresh fundraise proposal
Ather Energy's board will deliberate on raising fresh capital through equity shares or convertible securities during its meeting scheduled for July 15.
