Ather Energy Clarifies Capital Raise Plans to BSE
Ather Energy Ltd has responded to a BSE email dated July 08, 2026, seeking clarification on a news article about the company planning to raise capital by appointing 12 investment banks. The company confirmed its Board of Directors had previously approved raising up to INR 2,500 Crores, including a Qualified Institutions Placement (QIP) of up to INR 1,500 Crores. Ather Energy stated that all material events related to this fundraise have been disclosed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and they are unaware of any unannounced information that could explain trading movements. The company also stated it is not aware of any material impact of the article on its business, operations, or financial position.
Key Highlights
- Ather Energy confirms prior approval for fundraising up to ₹2,500 Crores.
- QIP component of the fundraising is capped at ₹1,500 Crores.
- Company asserts all material events have been disclosed to exchanges.
- Ather Energy is unaware of unannounced information impacting trading.
- No material impact of the article on company's business or financials.
Price Impact
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