Ather to consider fresh fund raise at June 12 board meet

BENGALURU: Electric two-wheeler maker Ather Energy said its board will meet on June 12 to consider raising fresh capital as the company gears up for its next phase of growth. The company said it may raise funds through equity shares, foreign currency convertible bonds, NCDs, warrants or other convertible securities.

The fundraising could be undertaken through QIP, rights issue, preferential allotment or private placement.