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

Quick Summary:

The IPO will be a combination of a fresh issue of equity shares worth Rs 3,100 crore and an offer-for-sale of 2.2 crore equity shares by promoters and investors, according to the DRHP.

This move signals that Ather Energy is progressing rapidly toward its IPO, which could be among the first to launch in FY2026.

The move is part of the company's preparation for its IPO, expected to be launched in April, according to merchant banking sources.

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Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Ccps Crore According Equity Series Company Electric Ather Energy Shares Issue

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-09 @ 13:50:05 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 365 words

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Sentences: 21 lines

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News ID: 26773071

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