Ather Energy’s IPO opens today, aiming to raise ₹2,981 crore through fresh equity and an offer for sale, where promoters and investors like Tiger Global will offload shares. Funds will support expansion, debt repayment, and R&D. Analysts recommend subscribing, citing the company’s strong position in the growing electric two-wheeler market and expected production capacity increase.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an