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

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…