Ather Energy Share Price Jumps Over 8%; Board Approves Fundraise Worth ₹1,200 Crore Via Preferential Issue

Ather Energy's board has approved a proposal to raise up to ₹1,200 crore through a preferential issue comprising equity shares and convertible warrants, as per an exchange filing dated July 15, 2026.  

The fundraising remains subject to shareholder approval through an Extraordinary General Meeting (EGM) and other statutory clearances. The company disclosed the decision after its board meeting held on July 15, 2026.  

Fundraising Split Between Equity and Warrants 

The proposed issue includes 16,26,016 equity shares priced at ₹1,230 per share, aggregating nearly ₹200 crore. In addition, Ather Energy will issue up to 79,36,507 fully convertible warrants at ₹1,260 each, taking the warrant component to about ₹1,000 crore.  

Each warrant can be converted into one equity share with a face value of ₹1.  

Existing Investors to Participate 

The equity shares will be allotted to the India-Japan Fund, represented by National Investment and Infrastructure Fund Limited (NIIF), for an investment of about ₹200 crore.  

Hero MotoCorp will subscribe to warrants worth nearly ₹960 crore, while Ather Energy's promoters Tarun Sanjay Mehta and Swapnil Babanlal Jain will subscribe to warrants worth around ₹20 crore each. The preferential issue will have four subscribers in total.  

Conversion Terms and Shareholding 

Warrant holders will pay 25% of the issue price at the time of allotment, while the remaining 75% will become payable on conversion into equity shares.  

The warrants may be converted in one or more tranches within 18 months of allotment. If they are not exercised within this period, they will lapse and the amount already paid will be forfeited.  

Based on the company's fully diluted calculations, Hero MotoCorp's shareholding would increase from 29.48% to 30.68% after full conversion of the warrants.  

The India-Japan Fund's holding would rise from 5.75% to 6.02%, while the promoters' holdings would change in line with the proposed allotment.  

Read More: CONCOR Share Price in Focus; Achieves 8.89% Growth in Q1 FY27, Handling Over 14 Lakh TEUs! 

Ather Energy Share Price Performance  

As of July 15, 2026, 3:30 pm, Ather Energy share price was trading at ₹1,299.00, up 8.09% from the previous closing price. 

Conclusion 

The board-approved preferential issue outlines the company's plan to raise ₹1,200 crore, with participation from existing investors. The transaction will be completed after meeting regulatory and shareholder requirements. 

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