The company raised 29.8 billion rubles (354 million dollars) through the placement of new and existing shares, attracting more than 1.4 times the proposed sum, according to the deposits presented on the exchange. The share price was set at the highest level of the initial market value at 321 rubles, attracting to the initial placement large investors, including Franklin Templeton and East Spring Investments.
Starting with the secondary market, shares of Ather Energy Limited, specializing in the production of electric scooters, will begin trading on Indian exchanges, setting a large initial placement in this country for the current financial year. Among large investors stands out the Abu Dhabi Investment Authority (ADIA).
