Ather Energy Board Approves ₹2,500 Crore Fundraise Through QIP, Rights Issue, FCCBs and Preferential Issue

Ather Energy Ltd has approved a proposal to raise up to ₹2,500 crore through a mix of equity and equity-linked instruments, as per the exchange filings.  

The company's board cleared the plan on June 12, 2026, allowing the fundraising to take place in one or more tranches, subject to regulatory and shareholder approvals where applicable. 

QIP to Raise Up to ₹1,500 Crore 

The company said up to ₹1,500 crore will be raised through a qualified institutions placement (QIP) of equity shares.  

It has also approved a postal ballot notice to seek shareholders' approval for the QIP through e-voting. The notice will be filed with the stock exchanges separately. 

The balance amount of up to ₹1,000 crore may be raised through equity shares, foreign currency convertible bonds (FCCBs) or other securities that can be converted into equity shares.  

The issue may be carried out through a rights issue, preferential allotment or other routes permitted under law. 

Board to Finalise Issue Details 

Ather has formed a Fundraising Committee to oversee the process. The company said the issue price, number of securities, investors and other terms will be decided at a later stage in accordance with applicable regulations. The securities may be issued in Indian rupees or foreign currencies. 

Financial Performance 

Ather reported revenue from operations of ₹953.6 crore for the quarter ended March 2026, up 50.2% from a year earlier. Its net loss narrowed to ₹79.6 crore from ₹197.8 crore in the corresponding quarter last year.  

The company sold 2.62 lakh electric 2-wheelers during FY26, a 69% increase over the previous financial year. 

Read More: SEPC Share Price in Focus; Receives ₹673.32 Crore Order from SAIL For Burnpur Expansion Project! 

Ather Energy Share Price Performance  

As of June 15, 2026, 11:47 am, Ather Energy share price was trading at ₹1,025.75, down 0.29% from the previous closing price. 

Conclusion 

The proposed fundraising gives Ather Energy access to multiple financing options, with the final structure and timing to be decided after the necessary approvals are received. 

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