Ather Energy raises Rs 1,300 Cr through QIP

Electric vehicle maker Ather Energy on Tuesday said it has raised Rs 1,300 crore through a qualified institutional placement (QIP) launched on July 15 as part of its Rs 2,500-crore capital infusion plan. The issue received a healthy response from foreign and domestic institutional investors, with participation from leading FIIs such as ADIA, White Oak and William Blair, alongside DIIs including HDFC Mutual Fund, Axis Mutual Fund and Edelweiss Mutual Fund, the company said.