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Highlighting the "repercussions of a sudden subsidy reduction", Tarun Mehta said that the electric two-wheeler industry lost one year of growth in 2023.
Incorporated in 2013, Surat-based Aether Industries was listed in June 2022, when the company raised a little more than Rs 808 crore from its initial stake sale by selling its shares for Rs 642 apiece.
Aether Industries IPO issue size aggregates up to Rs 808 crore. Out of the total amount, a fresh issue of Rs 627 crore. An offer for sale aggregates up to Rs 181 crore.