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

March 9, 2025

, By The Economic Times

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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…

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

March 9, 2025

, By The Economic Times

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…

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.

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