13-Jun-2026 05:34:08

ATHER ENERGY BOARD APPROVES FUND RAISE UP TO RS 2,500 CR

Ather Energy's Board of Directors has approved a proposal to raise up to INR 2,500 Crores through the issuance of securities. The fund raise will be conducted in two tranches: up to INR 1,500 Crores via Qualified Institutions Placement (QIP) of equity shares, and up to INR 1,000 Crores through preferential issue, rights issue, or other permissible modes, including equity shares and/or FCCBs. A Fund Raise Committee has been constituted to manage the process. A Postal Ballot Notice will be issued to seek shareholder approval for the QIP component. The Board meeting was held on June 12, 2026.

Ather Energy Limited

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