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Informist, Wednesday, Jul. 15, 2026

--Ather Energy's INR 15 bln QIP opened Wed, floor price at INR 1,169.70/shr 

NEW DELHI – Ather Energy Ltd.'s qualified institutional placement to raise up to INR 15 billion opened Wednesday with the board approving a floor price of INR 1,169.70 per share, the company said in an exchange filing. This marks a discount of roughly 10% to the stock's closing price Wednesday of INR 1,296.40 on the National Stock Exchange. 

"...the company may at its discretion offer a discount of not more than 5% on the floor price so calculated for the issue," the company said in the filing. It said the issue price will be determined in consultation with the book-running lead managers appointed for the exercise.

Last month, Ather Energy's board had approved raising up to INR 25 billion through the issuance of securities. Of this, up to INR 15 billion was approved to be raised through QIP and the rest though issuance of equity, foreign currency convertible bonds, or any other eligible instruments or securities.

For the March quarter, Ather Energy had reported a net loss of INR 1 billion on revenues of INR 11.75 billion.  End

Reported by Shakshi Jain

Edited by Rajeev Pai

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