Ather Energy set to launch Rs 3,000-cr IPO on April 28

Ather has reportedly trimmed its valuation to about $1.4 billion from a previously estimated $2 billion, reflecting continued tepid sentiment in the secondary market. The company plans to use the IPO proceeds for capital expenditure, R&D, marketing, and debt repayment. Last year, Ather raised ₹600 crore in a funding round led by NIIF at a valuation of $1.3 billion.

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