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The Economic Times
The Economic Times
Technology

Ather Energy board to consider fundraising proposal on July 15

Electric two-wheeler (e2W) maker Ather Energy's board will meet on July 15 to consider and approve raising funds through equity shares, foreign currency convertible bonds (FCCBs) and other equity-linked securities, the company said in a stock exchange filing.

The board meeting is part of the company's previously announced plan to raise up to Rs 2,500 crore to fund expansion, research and development, new product development, manufacturing capacity enhancement, and other corporate purposes.

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