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Ather Energy IPO to open for subscription as GMP stays weak. Should you bid?

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Ather Energy IPO to open for subscription as GMP stays weak. Should you bid?

The initial public offer (IPO) of Ather Energy will open for subscription today. The company is planning to raise about Rs 2,981 crore through the IPO, where it is offering fresh equity shares of 8.18 crore and an offer for sale (OFS), which comprises 1.1 crore shares. Under the OFS, promoters Tarun Sanjay Mehta and … Read more

Hero MotoCorp raises 2.2% stake in Ather Energy for about Rs 124 cr

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Hero MotoCorp raises 2.2% stake in Ather Energy for about Rs 124 cr

The board of Hero MotoCorp, the largest investor in Ather Energy, approved the purchase of an additional stake of 2.2% in the electric scooter maker for about Rs 124 crore. Last year, Hero had hiked about 3% stake in Ather Energy for about Rs 340 crore. Recently, Ather Energy has raised Rs 286 crore from … Read more