Ather Energy Confirms ₹2,500 Crore Fundraising Plan
In an exchange filing, Ather Energy stated that its Board of Directors, at its meeting held on June 12, 2026, approved a proposal to raise funds of up to ₹2,500 crore through the issuance of eligible securities.
The proposed fundraising includes:
- Total fundraising: Up to ₹2,500 crore
- Qualified Institutions Placement (QIP): Up to ₹1,500 crore
The company has also initiated the shareholder approval process by dispatching a postal ballot notice seeking approval for the proposed QIP.
Voting results will be announced after the conclusion of the postal ballot process.
Company Says All Regulatory Disclosures Have Been Made
Ather Energy clarified that all material information relating to the proposed capital raise has already been disclosed in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company further stated that it will continue to keep the stock exchanges informed about any significant developments related to the fundraising process.
No Undisclosed Information Behind Share Price Movement
Responding to recent market activity, Ather Energy said it is not aware of any unpublished price-sensitive information that could explain the movement in its share price.
The company reiterated that all information requiring disclosure has already been communicated to the exchanges and that it remains committed to maintaining transparency and regulatory compliance.
Media Reports Have No Material Business Impact
Ather Energy also clarified that the recent media reports regarding its fundraising plans have no material impact on its business operations, financial position, or overall performance.
The company reaffirmed its commitment to high standards of corporate governance and timely disclosure practices.
About Ather Energy
Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy is one of India’s leading electric two-wheeler manufacturers.
Headquartered in Bengaluru, the company is known for its connected electric scooters, including the Ather 450 series and the Ather Rizta, while continuing to expand its charging infrastructure and presence across the Indian EV market.
Ather Energy Share Price Performance
As of July 9, 2026, at 11:42 AM, Ather Energy shares were trading at ₹1,234.30 on the NSE, up 2.86% from the previous closing price.
The positive movement came after the company’s clarification regarding its proposed fundraising plans.
Conclusion
Ather Energy has reaffirmed its previously announced plan to raise ₹2,500 crore, including a ₹1,500 crore Qualified Institutions Placement, while confirming that all required regulatory disclosures have already been made. The company also stated that it is unaware of any undisclosed information influencing recent trading activity and will continue updating investors as the fundraising process progresses.
Summary
Ather Energy share price gained over 2% during Thursday’s trading session after the electric two-wheeler manufacturer clarified media reports regarding its proposed fundraising plans. The company confirmed that its Board had already approved raising up to ₹2,500 crore through various securities, including a Qualified Institutions Placement (QIP) of up to ₹1,500 crore, and stated that all required disclosures have been made to the stock exchanges.
Disclaimer:
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