Bengaluru's Ather Energy Adjusts IPO Strategy

In a strategic move reflecting the current cautious market sentiment towards new-age hardware startups, Bengaluru-based electric two-wheeler manufacturer Ather Energy has decided to reduce its Initial Public Offering (IPO) size by 15% just before its listing.

Final Steps Before Listing

The company submitted its red herring prospectus (RHP) to the Securities and Exchange Board of India (Sebi) on Tuesday, showcasing a more calibrated approach to capital raising in these uncertain times.

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