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Ather Energy rises 7% after ₹1,758 crore block deal; approves ₹1,200 crore capital raise

Ather Energy rose 7% after Rs 1,758 crore block deals, with Hero MotoCorp reportedly the buyer. The EV maker also approved Rs 200 crore equity allotment and Rs 1,000 crore warrants, supporting capacity expansion, lower-priced EL-platform launches and dealer-network growth.

Newer report , , The Hindu BusinessLine : Ather targets 77,000-unit monthly capacity as Maharashtra plant nears launch

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Reported figures

From the report. Source details below

  • Rs 199.99 crore equity allotment
  • Rs 999.99 crore convertible warrants
  • Rs 1,260 warrant issue price
  • 25% payable on subscription
  • 75% payable on conversion
  • 18 months conversion period

Other figures

  • 1,18,80,000 shares
  • Rs 1,480 per share
  • 7.10% rise
  • Rs 1,579.75 share high

The source

Source Read the source at Business Today

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