Ather Energy converts preference shares into equity; likely to launch IPO in April

Share via:


Electric two-wheeler maker Ather Energy Ltd has taken a significant step toward its much-anticipated initial public offering (IPO) by converting its outstanding compulsory convertible preference shares (CCPS) into equity. The move is part of the company’s preparation for its IPO, expected to be launched in April, according to merchant banking sources.

According to a Registrar of Companies (RoC) filing accessed by PTI, the company’s board passed a resolution on March 8, 2025, approving the conversion of over 1.73 crore outstanding CCPS into 24.04…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Ather Energy converts preference shares into equity; likely to launch IPO in April


Electric two-wheeler maker Ather Energy Ltd has taken a significant step toward its much-anticipated initial public offering (IPO) by converting its outstanding compulsory convertible preference shares (CCPS) into equity. The move is part of the company’s preparation for its IPO, expected to be launched in April, according to merchant banking sources.

According to a Registrar of Companies (RoC) filing accessed by PTI, the company’s board passed a resolution on March 8, 2025, approving the conversion of over 1.73 crore outstanding CCPS into 24.04…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Cognizant’s activist investor Mantle Ridge builds over a $1...

US-headquartered IT giant Cognizant Technology Solutions’ activist investor...

Phantom Digital Effects Announces Its Growth Trajectory

Mumbai (Maharashtra) , March 7: Phantom Digital Effects...

Plaanet Stree: Akshay Bardapurkar Announces India’s First Women-Centric OTT...

Mumbai (Maharashtra) , March 8: On International Women’s...

Popular

Upcoming Events

These are the best accessories for your new M3...

In case you missed it, Apple announced two...

US to reportedly use AI to revoke visas of...

The US State Department will use artificial intelligence...

Infosys cofounder Nandan Nilekani on AI commoditisation, data, and...

Infosys cofounder Nandan Nilekani on Saturday said that...
d.er.sdfdsa d.fesdfrwa.dfa d.er.ssdfdfdsa d.fesdfdfrwa.dfa