Announced Tue, 14 Jul · 20:22 IST
Ather Energy shareholders approve Rs 1,500 Cr QIP fundraise
Board & Shareholder Meetings View source PDF
ATHERENERG · price
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AI summary
Ather Energy shareholders approved raising up to Rs 1,500 Crores via Qualified Institutions Placement (QIP) of equity shares through postal ballot. The resolution passed with 99.9979% votes in favor, with only 57 members voting against out of 1,176 who voted. 30.91 crore shares were polled, representing 80.68% of total outstanding shares. Promoters and public institutions both voted 100% in favor. E-voting ran from June 15 to July 14, 2026.
Likely market impact
Shareholders cleared a QIP to raise up to Rs 1,500 Crore, which may dilute equity but gives the company growth capital.