Investment25 Aug 2026, 07:50 pm
Ather Energy Allots Equity Shares and Warrants Worth ₹3,000 Cr
AI Summary
Ather Energy Ltd has approved the allotment of 16,26,016 equity shares and 79,36,507 convertible warrants via a preferential issue. The equity shares are allotted at an issue price of ₹1,230 each, aggregating ₹1,99,99,99,680. The convertible warrants are issued at ₹1,260 each, aggregating ₹9,99,99,98,820, with 25% paid upfront. This follows board and shareholder approvals and is in line with SEBI regulations. The allotment includes India Japan Fund, Hero MotoCorp Limited, Mr. Tarun Sanjay Mehta, and Mr. Swapnil Babanlal Jain as allottees.
Key Highlights
- Ather Energy allots 16,26,016 equity shares and 79,36,507 warrants.
- Total fundraising from this preferential issue is approximately ₹3,000 crore.
- Key allottees include India Japan Fund and Hero MotoCorp.
- Warrants are convertible into equity within 18 months.
- The company received in-principle approvals from NSE and BSE.
Price Impact
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