EV Major Bags INR 1,340 Cr From Anchor Investors

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SUMMARY

The company allotted 4.17 Cr shares to 36 anchor investors, including SBI, ADIA, Invesco, Franklin Templeton, Morgan Stanley, Societe Generale, among others

As many as 7 domestic mutual funds applied for the anchor round through 14 schemes, and were allotted 49.6% of the total anchor allocation

Ather’s IPO will comprise a fresh issue of equity shares up to INR 2,626 Cr and an offer for sale of up to 1.10 Cr shares

Ahead of the opening of its highly anticipated IPO, EV maker Ather Energy has raised INR 1,340 Cr from…



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