Key Quantitative Figures

  • Floor price for equity shares to India-Japan Fund: INR 1,175.74 per Equity Share (calculated per SEBI ICDR Regulations Reg. 164(4))
  • Approved issue price for equity shares: INR 1,230 per Equity Share
  • Premium over floor price for equity shares: INR 54.26
  • Floor price for convertible warrants to promoters: INR 1,175.74 per Equity Share (upon conversion, calculated per SEBI ICDR Regulations Reg. 164(1))
  • Approved issue price for warrants: INR 1,260 per Equity Share (upon conversion)
  • Premium over floor price for warrants: INR 84.26

Parties Involved

  • Issuer: Ather Energy Limited (NSE: ATHERENERG, BSE: 544397)
  • Equity Share Allottee: India-Japan Fund (qualified institutional buyer)
  • Warrant Allottees: Hero MotoCorp Limited, Mr. Tarun Sanjay Mehta, and Mr. Swapnil Babanlal Jain (promoters of the company)
  • Regulatory Recipients: National Stock Exchange of India Ltd, BSE Limited
  • Company Representative: Puja Aggarwal, Company Secretary & Compliance Officer (Membership No: A49310)