Announced Wed, 15 Jul · 14:26 IST
Ather Energy to raise up to INR 1,200 crores via preferential issue
Fund Raising View source PDF
ATHERENERG · price
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Price reaction · full curve 14 horizons · vs prior close
+5.4%1-day move
₹1205.00
prior close
₹1296.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.3-0.4-0.5+5.4+6.4+7.7+7.1+5.1+0.3————
Up moveDown movePending
AI summary
Ather Energy board approved raising up to INR 1,200 crores via preferential issue. India-Japan Fund (existing QIB investor) to subscribe to 16.26 lakh equity shares at INR 1,230 each, about INR 200 crores. Promoters Hero MotoCorp, Tarun Mehta, and Swapnil Jain to get 79.36 lakh convertible warrants at INR 1,260 each, about INR 1,000 crores, exercisable within 18 months. Shareholder approval via EGM is needed. Trading window for insiders remains closed.
Likely market impact
Fundraise supports growth funding and shows promoter confidence, but existing shareholders face potential dilution; pending EGM and regulatory approvals.