Fundraise / allotmentNotableFiled on BSE ·

Ather Energy Limited approves raising up to ₹2,500 Cr via equity and FCCBs

Ather Energy · Automobiles

Arthneeti Research DeskPublished 1 min read
₹2,500 CrFundraise / allotment

Key highlights

  • Board approved fund raise of up to ₹1,500 Cr via qualified institutions placement of equity shares.
  • Additional issuance of up to ₹1,000 Cr via preferential issue, rights issue, or other permitted means including equity shares and/or FCCBs.
  • Fund Raise Committee constituted to oversee proposed fund raise, subject to shareholders’ and regulatory approvals.

Why it's rated notable: amount is ₹500 crore or more

Original filing

Announcement under Regulation 30 (LODR)-Raising of Funds

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.