Ather Energy Limited has issued a clarification in response to a media report dated July 08, 2026, published on www.moneycontrol.com, which suggested the company was picking "an army of 12 investment banks ahead of capital raise." The company confirmed its ongoing efforts to raise funds. Previously, on June 12, 2026, Ather Energy had informed the stock exchanges that its Board of Directors had approved raising funds up to ₹2,500 Crores. This includes a Qualified Institutions Placement (QIP) of up to ₹1,500 Crores. The company has dispatched a postal ballot to its members for this QIP, with results to be intimated post-conclusion of the ballot process. Ather Energy stated that all material events and information required under SEBI LODR Regulations concerning the proposed fundraise have been duly disclosed. The company also confirmed it is not aware of any unannounced information that could explain any trading movement in its shares and that all material disclosures have been made. The company did not specify any immediate material impact of the article on its business, operations, or financial position.
