#MarketRebound

The public issue includes a fresh equity raise of Rs 2,626 crore and an offer for sale (OFS) of 1.1 crore shares. Under the OFS, promoters Tarun Sanjay and Swapnil Babanla, along with other corporate shareholders, will sell part of their stakes.

Ather Energy plans to use the funds raised for capital expenses, including setting up a new electric two-wheeler factory in Maharashtra, repayment of debt, R&D investments, marketing, and general corporate purposes.