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Ather Energy raises Rs 1,200 Cr in preferential issue led by Hero MotoCorp

EV two-wheeler maker Ather Energy approved a Rs 1,200 crore preferential issue, with Hero MotoCorp investing Rs 960 crore, India-Japan Fund Rs 200 crore, and co-founders the rest, raising Hero's stake to 30.68%.

Reported figures

From the report. Source details below

market cap Rs 49,792 crore

Other figures

  • Rs 1,230 per share
  • 16.26 lakh equity shares
  • 79.36 lakh warrants
  • warrants Rs 1,260 each

The source

Source Read the source at Entrackr

Published

Confirmed by Inc42

First seen