Morgan Stanley, Goldman Sachs, others buy 1.92% stake in Ather Energy | Company News
Morgan Stanley, Goldman Sachs, Societe Generale and Abu Dhabi Investment Authority on Wednesday collectively acquired a 1.92 per cent stake in Ather Energy from the National Investment and Infrastructure Fund for approximately Rs 521 crore through open market transactions.
ICICI Prudential Mutual Fund (MF), Tata MF, Invesco MF, Motilal Oswal MF, Aditya Birla Sun Life MF, WhiteOak Capital MF and Tata AIG Life Insurance Company Ltd have also acquired shares of electric two-wheeler maker Ather Energy, according to block deal data available on BSE and NSE.
These entities purchased a total of 73,33,219 shares from NSE and BSE, representing a total stake of 1.92 per cent in Bengaluru-based Ather Energy.
The shares were purchased at an average price of ₹710 apiece, taking the total deal value to ₹520.66 crore.
Meanwhile, the National Investment and Infrastructure Fund (NIIF), through its subsidiary National Investment and Infrastructure Fund-II, transferred the same number of shares at the same price.
Mumbai-based National Investment and Infrastructure Fund Ltd (NIIF) is a sovereign alternative asset manager backed by the Government of India.
At the end of the December quarter, NIIF held a 1.92 per cent stake in Ather Energy.
Following the share sale, NIIF separated from Ather Energy by selling all its shares.
Shares of Ather Energy closed 1.59 per cent down at ₹716 on the NSE, while the company’s shares closed 1.53 per cent down at ₹715.95 on the BSE.
Earlier in February, Ather Energy reported that net loss narrowed to ₹85 crore in the third quarter ended December 31, 2025.
The company reported a net loss of ₹198 crore in the October-December quarter of the previous financial year.
Total revenue rose to ₹996 crore in the third quarter, compared to ₹650 crore in the same period a year ago, Ather Energy said in a regulatory filing.
The company added that it recorded its highest ever quarterly sales volume of 67,851 units, achieving 50 percent year-on-year growth.
In November 2025, NIIF offloaded around 3 per cent stake in electric two-wheeler maker Ather Energy for ₹ 541 crore.
