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The Economic Times
The Economic Times
Business

Ather Energy gets board nod for Rs 1,200 crore fund raise, Hero MotoCorp to invest Rs 960 crore

Hero MotoCorp Ather Energy Ather

New Delhi: Electric two-wheeler maker Ather Energy Ltd on Wednesday said its board has approved raising of Rs 1,200 crore from existing investors, including Hero MotoCorp and India-Japan Fund.

The board at its meeting held on Wednesday approved the raising of funds aggregating up to Rs 1,200 crore through the issuance of equity shares to India-Japan Fund, and warrants to Hero MotoCorp Ltd, and Ather promoters Tarun Sanjay Mehta and Swapnil Babanlal Jain, the company said in a regulatory filing.

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