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Ather Energy's Rs 1,300-crore QIP subscribed over eight times: sources
The QIP, which opened on Wednesday, drew interest from several marquee domestic mutual funds and foreign institutional investors, the people cited above said. The company launched the issue at a floor price of Rs 1,169.70 per share, 10% lower than its share price of Rs 1,298 on Wednesday.
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economictimes.indiatimes.com
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…
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yourstory.com
Ather Energy secures Rs 1,200 Cr from Hero MotoCorp, IJF, and founders
Ather Energy has approved the preferential fundraise from Hero MotoCorp, the India-Japan Fund and its founders to support manufacturing expansion, product development, research…
