Ather Energy Approves Massive Fund Raise of Up To INR 2,500 Crores Through Securities Issuance

Ather Energy Approves Massive Fund Raise of Up To INR 2,500 Crores Through Securities Issuance​

Ather Energy Limited announced that its Board of Directors approved significant plans for raising funds through the issuance of various securities. The decisions were made during a board meeting held on June 12, 2026.

The company has greenlit a proposed fund raise totaling up to INR 2,500 Crores in aggregate. This fund raising involves two primary components targeting different investor groups and methodologies.

Under the first component, the Board approved the issuance of equity shares through a qualified institutions placement for an aggregate amount of up to INR 1,500 Crores. This part of the raise is subject to regulatory and statutory approvals as well as shareholder approval.

The second major component, covering up to INR 1,000 Crores, involves the issuance of equity shares, foreign currency convertible bonds (FCCBs), or any other eligible instruments representing equity shares. This amount will be raised through permissible modes such as a preferential issue, rights issue, or other methods permitted under applicable laws and is also subject to regulatory and shareholder approval.

In relation to this proposed fund raise, the Board of Directors constituted a dedicated Fund Raise Committee to manage all associated matters.

Furthermore, the company has initiated steps toward seeking member approval for the qualified institutions placement component. A Postal Ballot Notice, restricted to e-Voting, will be submitted in due course to shareholders regarding the issuance of securities amounting up to INR 1,500 Crores.

The Board meeting commenced at 6:00 pm IST and concluded at 9:30 pm IST.

ATHERENERG Stock Price Movement​

On Friday, shares of Ather Energy Limited edged higher to settle at ₹1028.7, gaining 0.06% in the daily trading session. The stock saw a volume of 2.86 million shares traded during the day.