Ather Energy Sets Preferential Issue Prices Above Floor
Ather Energy Ltd has announced the pricing for its proposed preferential issue of Equity Shares and convertible warrants. The Board of Directors, in a meeting on July 15, 2026, approved the issue. For the Equity Shares to India-Japan Fund, the floor price is INR 1,175.74, with an approved issue price of INR 1,230 per share. For warrants convertible into Equity Shares, issued to promoters Hero MotoCorp Ltd, Mr. Tarun Sanjay Mehta, and Mr. Swapnil Babanlal Jain, the floor price is INR 1,175.74 per share (upon conversion), with an approved issue price of INR 1,260 per share (upon conversion). Both approved issue prices are significantly higher than their respective floor prices, indicating strong investor confidence and promoter commitment.
Key Highlights
- Preferential issue of equity shares and warrants approved by the Board.
- Equity shares to India-Japan Fund priced at INR 1,230, above floor price.
- Warrants to promoters priced at INR 1,260 per share upon conversion.
- Issue prices are substantially higher than determined floor prices.
- Information provided for shareholders and investors.
Price Impact
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