NIIF is selling nearly 3% stake in Ather Energy for Rs 541 crore

The National Investment And Infrastructure Fund (NIIF) on Thursday divested nearly 3 percent stake in electric two-wheeler maker Ather Energy for Rs 541 crore through open market transactions. NIIF, through its subsidiary National Investment and Infrastructure Fund-II, has sold a little over 87.02 lakh shares in two tranches, representing a 2.28 per cent stake in Bengaluru-based Ather Energy, according to the block deal data available on the NSE.

The transaction was worth approximately Rs 541.58 crore and was executed at an average price of Rs 622.35 per piece.After the sale of the shares, NIIF’s stake in Ather Energy fell from 4.67 percent to 2.39 percent.

Mumbai-based National Investment and Infrastructure Fund Ltd (NIIF) is a government bond-linked alternative asset manager established by the Indian government.

With $4.9 billion in equity capital commitments, NIIF’s global investor base includes sovereign wealth funds, pension funds, private equity firms and development banks. Edelweiss Mutual Fund (MF), Invesco MF, Motilal Oswal MF, Ashoka WhiteOak Emerging Markets Equity Fund, Ashoka India Opportunities Fund, Investor Mukul Agrawal’s Param Capital, Societe Generale and US-based Ghisallo Capital Management bought shares of Ather Energy, according to the data. Shares of Ather Energy rose 0.91 percent to close at Rs 634.25 apiece on the NSE.

On Monday, Ather Energy reported a narrowing of net loss to Rs 154.1 crore in the second quarter ended September 2025, thanks to higher revenues.

The company had posted a net loss of Rs 197.2 crore in the corresponding quarter of last fiscal, Ather Energy Ltd said in a filing with the regulator.

Revenue from operations in the second quarter stood at Rs 898.9 crore, compared to Rs 583.5 crore in the same period a year ago, it added.