Ather Energy shareholders approve a preferential share issue worth Rs 1,200 crore, the company says. The fundraising is presented as part of a broader capital-raising plan.
The preferential issue is reported alongside a recently completed qualified institutional placement (QIP) of Rs 1,300 crore. Together, the two fundraisings bring Ather Energy’s total amount raised to about Rs 2,500 crore, according to the outlet. No other differing angles are provided in the available sources, and the reports focus on the approval and the combined fundraising amount.
