Morgan Stanley and Goldman Sachs choose multibagger Ather Energy via block deals; NIIF sells stake of Rs 233 cr

Morgan Stanley and Goldman Sachs acquired shares in small-cap multibagger Ather Energy in separate block deals on Wednesday, with the National Investment and Infrastructure Fund (NIIF) emerging as the seller. NIIF has sold over 33.78 lakh shares in transactions worth around Rs 233 crore.Other buyers of the electric two-wheeler maker included Tata Mutual Fund, Aditya Birla Sun Life MF, ICICI Prudential MF and WhiteOak Capital MF.

Morgan Stanley bought over 6 lakh shares for Rs 43 crore through its subsidiary Morgan Stanley Asia Singapore PTE, while Goldman Sachs bought 3.5 lakh shares for Rs 25 crore through Goldman Sachs Bank Europe SE.The shares were sold at a price of Rs 710 each, which was a discount of 2.4% from Tuesday’s closing price of 727.55. Today, the shares ended at Rs 716, down Rs 11.55 or 1.6%.

Tata Mutual Fund, Aditya Birla Sun Life MF and ICICI Prudential MF have raised shares worth Rs 50 crore, Rs 50 crore and Rs 40 crore respectively.

National Investment And Infrastructure Fund II owned over 73.33 lakh shares in Ather Energy as on December 31, 2025. This represented 1.92% equity in the company.

Ather Energy share price history

Ather Energy’s initial public offering (IPO) was listed on May 6, 2025 and launched on April 28-20. The company fixed the price range at Rs 304 to Rs 321. The stock made a lackluster debut and was quoted at Rs 326.05 on the BSE and Rs 328 on the NSE.

The stock later gained momentum and climbed to a high of Rs 790 on October 21, 2025. The sharp rally translated into a 146% rise in less than four months. From the peak, the return is still 123%.

The company offers Rizta and Apex 450 bikes.

Also read: Mukul Agrawal buys stake in Tracxn Technologies, another small cap stock, through bulk deals

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