Ather Energy's board approves raising up to INR 12 bln via equity
This story was originally published at 15:02 IST on 15 July 2026
Register to read our real-time news.Informist, Wednesday, Jul. 15, 2026
--Ather Energy to raise up to INR 12 bln via equity
MUMBAI – The board of Ather Energy Ltd. on Wednesday approved raising up to INR 12 billion through the issuance of 1.63 million equity shares at an issue price of INR 1,230 each to India-Japan Fund, 7.94 million convertible warrants at an issue price of INR 1,260 each to Hero MotoCorp Ltd., and to co-founders Tarun Mehta and Swapnil Jain on a preferential basis.
Post the allocation, the stake of India-Japan Fund in Ather Energy will rise to 6.02% from 5.75%, and that of Hero MotoCorp will rise to 30.68% from 29.48%. Co-founders Mehta and Jain will see their holdings fall to 4.85% each from 4.93% now, the company said in an exchange filing. India-Japan Fund is a qualified institutional buyer.
India-Japan Fund, represented by the state-run National Investment and Infrastructure Fund Ltd., will invest INR 2 billion in Ather Energy, while Hero MotoCorp will subscribe to warrants worth INR 9.60 billion. Mehta and Jain will invest INR 200 million each.
Tuesday, the board of Hero MotoCorp had approved investing an additional INR 10 billion in Ather Energy through equity shares. Ather Energy is an associate company of Hero MotoCorp. The two-wheeler company had first invested in Bengaluru-based Ather Energy in 2016, when it had poured in INR 1.80 billion for 26% stake.
For the March quarter, Ather Energy reported a net loss of INR 1.00 billion on revenues of INR 11.75 billion. At 1455 IST, its shares traded 7% higher at INR 1,286.20 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Anand JC
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
