Ather Energy files IPO prospectus to raise over ₹3,100 crore

Electric two-wheeler maker Ather Energy has filed its DRHP to raise over ₹3,100 crore. The IPO comprises of fresh issue of ₹3,100-crore shares and an offer for sale by existing shareholders of up to 2.2 crore shares. Co-founders Tarun Mehta and Swapnil Jain will be selling 10 lakh shares each. Other selling shareholders include Caladium Investment, NIIF and Internet Fund.