Ather Energy raises Rs 1,340 crore from 36 anchor investors ahead of IPO

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Electric two-wheeler (E2W) maker Ather Energy has raised Rs 1,340 crore from anchor investors ahead of its initial public offering (IPO), which opens on April 28.At its board meeting held on April 25, the Bengaluru-based company finalised the allocation of 41.7 million equity shares to 36 anchor investors at Rs 321 apiece. This includes a share premium of Rs 320 per share, Ather said in an exchange filing.

Participants in the anchor round include State Bank of India, Custody Bank of Japan, Aditya Birla Sun Life Insurance, Abu Dhabi Investment…



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Ather Energy raises Rs 1,340 crore from 36 anchor investors ahead of IPO


Electric two-wheeler (E2W) maker Ather Energy has raised Rs 1,340 crore from anchor investors ahead of its initial public offering (IPO), which opens on April 28.At its board meeting held on April 25, the Bengaluru-based company finalised the allocation of 41.7 million equity shares to 36 anchor investors at Rs 321 apiece. This includes a share premium of Rs 320 per share, Ather said in an exchange filing.

Participants in the anchor round include State Bank of India, Custody Bank of Japan, Aditya Birla Sun Life Insurance, Abu Dhabi Investment…



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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