- Ather Energy is preparing for its IPO, with Hero MotoCorp retaining its shares while founders and investors plan to sell.
- The IPO will include a fresh issue

- Ather Energy is preparing for its IPO, with Hero MotoCorp retaining its shares while founders and investors plan to sell.
- The IPO will include a fresh issue of shares worth Rs 3,100 crore and an offer for sale of up to 2.2 crore equity shares.
- Founders Tarun Sanjay Mehta and Swapnil Babanlal Jain will offload around 1 million equity shares.
- Major selling shareholders include GIC Ventures, 3 State Ventures, and Tiger Global.
- Funds from the IPO will be used for a new manufacturing facility in Maharashtra and ongoing R&D efforts. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/ather-ipo-founders-tiger-global-binny-bansals-3-state-ventures-to-sell-stake-hero-motocorp-to-stay-invested-12817840.html)

Ather IPO: Founders, Tiger Global, Binny Bansal's 3 State Ventures to sell stake; Hero Motocorp to stay invested