Electric two-wheeler maker Ather Energy‘s board will meet on June 12 to consider raising fresh capital, the company said in an exchange filing.
The fundraising could be undertaken through routes including a qualified institutional placement (QIP), a rights issue or other permissible instruments.
The move comes just over a year after Ather‘s Rs 2,981-crore initial public offering. The Bengaluru-based company currently has a market capitalisation of around Rs 38,400 crore, with its shares trading at Rs 1,011.
Last week, rival Ola Electric raised Rs 780 crore through a qualified institutional placement.