Updated
Updated · Bloomberg · Jul 6Ather Energy Plans $200 Million Share Sale, Appointing HSBC, Axis and Nomura
1 articles · Updated · Bloomberg · Jul 6Summary
- Ather Energy is preparing a qualified institutional placement as early as next week that could raise as much as $200 million.
- HSBC, Axis Capital and Nomura have been appointed to manage the offering, according to people familiar with the matter.
- The planned sale targets institutional investors and would give the electric two-wheeler maker fresh capital if completed.
Insights
Valued at 10 times its sales despite losses, is Ather Energy the next auto giant or an overhyped EV stock? Burning cash for expansion, can Ather outmaneuver profitable giants like TVS and Bajaj in India's fierce EV race?