Ather Energy Files RHP, Cuts IPO Size

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SUMMARY

EV major Ather Energy has filed its red herring prospectus (RHP) with SEBI

The EV company has cut its IPO size amid the ongoing volatility in the equities market. Its public issue will comprise a fresh issue of up to INR 2,626 Cr and offer for sale of up to 1.1 Cr shares

Ather Energy is eyeing a valuation of about INR 12,000 Cr for the IPO, sources told Inc42

EV major Ather Energy has filed its red herring prospectus (RHP) with SEBI, paving the way for it to become the first new-age tech company to go public in…



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Ather Energy Files RHP, Cuts IPO Size


SUMMARY

EV major Ather Energy has filed its red herring prospectus (RHP) with SEBI

The EV company has cut its IPO size amid the ongoing volatility in the equities market. Its public issue will comprise a fresh issue of up to INR 2,626 Cr and offer for sale of up to 1.1 Cr shares

Ather Energy is eyeing a valuation of about INR 12,000 Cr for the IPO, sources told Inc42

EV major Ather Energy has filed its red herring prospectus (RHP) with SEBI, paving the way for it to become the first new-age tech company to go public in…



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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