Ather Energy Announces Board Meeting to Approve Multi-Instrument Fundraising Plan
Ather Energy Limited has announced that its Board of Directors will meet on Friday, June 12, 2026, to consider and approve a proposal for raising funds through various security issuances.The company intends to raise capital by issuing a combination of securities, which include equity shares, foreign currency convertible bonds (FCCBs), non-convertible debentures, warrants, or other eligible instruments representing equity shares or convertible into equity shares. These funds can be raised in Rupee denomination or denominated in one or more foreign currencies.
The proposed fundraising methods are broad and may encompass a public issue, rights issue, private placement including a qualified institutions placement (QIP), preferential issue, or any combination of these methods as permitted by applicable laws, subject to necessary regulatory and statutory approvals and shareholder consent.
In adherence to regulations governing insider trading, the trading window for Ather Energy Limited's securities remains closed. The closure will persist until 48 hours following the declaration of the outcome of the proposed Board Meeting to the stock exchanges.
ATHERENERG Stock Price Movement
Shares of Ather Energy Limited slipped on Monday, settling at ₹1002.25 after shedding 2.97% from the previous session's close. The stock traded amidst a volume of 6.48 million shares, following an earlier period in which it had reached its 52-week high.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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