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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EV Major Bags INR 1,340 Cr From Anchor Investors


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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