Ather Energy Raises ₹1,300 Cr via QIP

Ather Energy Limited has successfully completed a Qualified Institutions Placement (QIP), issuing and allotting 1,08,15,307 equity shares of face value INR 1 each at an issue price of INR 1,202 per share. The total amount raised is approximately INR 12,999,999,014 (₹1,300 crore). This issuance was approved by the Fund Raise Committee of the Board of Directors and was priced higher than the floor price of INR 1,169.70 per share. The placement increases the company's paid-up equity share capital. Key institutional investors like HDFC Trustee Company and Aditya Birla Sun Life Mutual Fund were among the major allottees.