Ather Energy closes QIP at ₹1,202 a share, allots 1,08,15,307 equity shares
Ather Energy has completed a Qualified Institutions Placement (QIP), issuing about 1,081.5万 shares at ₹1,202 per share to raise around ₹130亿. The company also plans to hold an extraordinary general meeting to seek shareholder approval for a preferential issue totaling up to ₹1200亿, including shares to India-Japan Fund and convertible warrants to promoters such as Hero MotoCorp. The fundraising is described as routine capital-raising for general corporate purposes, with no changes to guidance, major order wins, or technology breakthroughs involved.