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Ather Energy Shares Drop 3% After Rs 1,300 Crore QIP Closure

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New Delhi, July 21 (IANS) Shares of Ather Energy fell about 3 per cent in early trade on Tuesday after the electric two-wheeler maker announced closing of its Rs 1,300 crore Qualified Institutional Placement (QIP), which witnessed robust demand from institutional investors.On the BSE, the stock declined as much as 3.02 per cent to an intraday low of Rs 1,258. At around 12:40 pm, it was trading at Rs 1,277.45, down 1.53 per cent from the previous close.The decline came even as the company announc…