Ather Converts Preference Shares To Equity, Likely To Float IPO In April

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SUMMARY

Ather Energy’s board passed a resolution on March 8 to convert 1.73 Lakh outstanding CCPS to 24 Cr fully paid up equity shares

The EV major is likely to float its IPO in April, becoming the second company after Ola Electric to do so

As per its DRHP, Ather’s public issue will comprise a fresh issuance of shares worth INR 3,100 Cr and an OFS of up to 2.2 Cr shares

Going full throttle on its highly-anticipated initial public offering (IPO), electric two-wheeler maker Ather Energy has converted its outstanding…



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Ather Converts Preference Shares To Equity, Likely To Float IPO In April


SUMMARY

Ather Energy’s board passed a resolution on March 8 to convert 1.73 Lakh outstanding CCPS to 24 Cr fully paid up equity shares

The EV major is likely to float its IPO in April, becoming the second company after Ola Electric to do so

As per its DRHP, Ather’s public issue will comprise a fresh issuance of shares worth INR 3,100 Cr and an OFS of up to 2.2 Cr shares

Going full throttle on its highly-anticipated initial public offering (IPO), electric two-wheeler maker Ather Energy has converted its outstanding…



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.

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