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Ather Energy Raises ₹1300 Cr in QIP
21 Jul
Summary
- Ather Energy closed a QIP, raising ₹1,300 crore.
- The issue price was a 2.8% premium to the QIP floor price.
- New investors include domestic Mutual Funds and ADIA.
Electric vehicle manufacturer Ather Energy announced on July 20, 2026, the closure of its Qualified Institutional Placement (QIP), successfully raising ₹1,300 crore. The company's board approved the issuance of 1.08 crore equity shares at ₹1,202 per share, representing a 2.8% premium over the QIP floor price.
This funding round attracted significant investment from domestic Mutual Funds, including Motilal Oswal MF, Axis MF, Aditya Birla Sun Life MF, and Edelweiss MF, alongside the Abu Dhabi Investment Authority (ADIA). ADIA's participation marks a new stake for the sovereign wealth fund, which had previously invested in Ather Energy's IPO and a block deal earlier this year.
The QIP, which opened on July 15, 2026, follows a recent preferential issue that raised ₹1,200 crore, with Hero MotoCorp increasing its stake to nearly 30%. These capital raises have increased Ather Energy's paid-up equity share capital to ₹39.41 crore. The company's shares closed at ₹1,297.3 on July 20, 2026, reflecting a 76% year-to-date advance and a market capitalization near ₹50,000 crore.
