StartupsInc42about 2 hours ago
Ather Opens QIP at ₹1,169.70 Floor Price
3 min read
Ather Energy opened a qualified institutional placement (QIP) with a floor price of ₹1,169.70 per share, a discount from the ₹1,298 closing price. The QIP is part of a ₹2,500 Cr fundraising plan, with ₹1,500 Cr from the QIP and the rest from equity-linked instruments. Hero MotoCorp will invest ₹960 Cr via convertible warrants.
Level
Hype check
Tap to vote and see what everyone thinks.
Summary by ByteBrief
