Joint Venture2 Feb 2026, 05:11 pm
Ather Energy to Incorporate Wholly Owned Subsidiary in Hong Kong to Boost Supply Chain Resilience
AI Summary
Ather Energy Limited, a leading player in the automotive industry, has announced its plan to incorporate a Wholly Owned Subsidiary (WOS) in Hong Kong. The primary objective of the WOS is to support the company's critical procurement functions and enhance supply chain resilience within the Asia-Pacific (APAC) region. The company will subscribe to 100% of the initial paid-up share capital of the WOS in cash. The disclosures required under Regulation 30 of SEBI Listing Regulations, read with Part A of Schedule Il of the Regulations and relevant SEBI Circulars are provided in Annexure - 1.
Key Highlights
- Ather Energy to incorporate a Wholly Owned Subsidiary (WOS) in Hong Kong
- The WOS aims to support the company's critical procurement functions and enhance supply chain resilience in the APAC region
- Ather Energy to subscribe 100% of the initial paid-up share capital of the WOS in cash
- The WOS will be a part of the automotive industry
- The WOS is proposed to be incorporated with the primary objective to enhance supply chain resilience