Subsidiary27 May 2026, 10:51 pm
Ather Energy Incorporates 'Ather Insurance Limited' as WOS
AI Summary
Ather Energy Ltd. has incorporated a Wholly Owned Subsidiary (WOS) named "Ather Insurance Limited" on May 27, 2026, in India. This subsidiary will operate as a Corporate Agent, offering and facilitating insurance policies. Ather Energy has subscribed to 100% of the initial paid-up share capital of the WOS in cash at a face value of ₹10 per share. The company will seek necessary approvals from the IRDAI before commencing business.
Key Highlights
- Ather Energy incorporates Ather Insurance Limited as a Wholly Owned Subsidiary.
- The subsidiary will function as a Corporate Agent for insurance policies.
- Ather Energy has fully subscribed to the initial share capital in cash.
- IRDAI approvals are pending before the commencement of business operations.
- Incorporation date: May 27, 2026.