The original headline is: "Ather Energy raises Rs 1,300 crore via QIP, allots shares at Rs 1,202 apiece"

Short summary

Ather Energy raised Rs 1,300 crore through a qualified institutional placement at Rs 1,202 per share, plus an additional Rs 1,200 crore from existing investors, bringing total funding to Rs 2,500 crore. The capital will fund manufacturing expansion including a new Maharashtra facility and new product development. This raise follows Ather's recent IPO and reinforces its competitive position in the Indian EV market.

• •Ather Energy raised Rs 2,500 crore total (Rs 1,300 crore via QIP at Rs 1,202/share, Rs 1,200 crore from existing investors)
• •Funds earmarked for Maharashtra manufacturing facility and new product development
• •Capital raise follows recent IPO and strengthens market position

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