Stake sale · Mobility & Logistics

NIIF exits Ather Energy with ₹520.7 Cr stake sale

By Startup Enthusiast · 12 February 2026

What they do

NIIF sold its entire 1.92% stake via open market transactions on 11 Feb 2026

Buyers included Abu Dhabi Investment Authority, ICICI Prudential Mutual Fund, and others

The company reported operating revenue of ₹953.6 Cr and net loss of ₹84.6 Cr in Q3 FY26

National Investment and Infrastructure Fund (NIIF) exited Ather Energy completely.
NIIF sold its 1.92% stake through open market transactions on February 11.
The transaction involved offloading 73.3 Lakh shares at a price of ₹710 per share.
Total sale proceeds amounted to ₹520.7 Crore from this specific exit event.
Buyers included major institutions like Aditya Birla Sun Life Mutual Fund and Goldman Sachs.
This follows a prior bulk deal exit by NIIF worth ₹541.6 Crore in November 2025.
Investor Tiger Global also exited its entire 5.09% stake for ₹1,204 Crore in November 2025.
Ather's stock surged over 13% in the past month before closing at ₹715.95.

Multiple large investors are exiting their stakes in the electric vehicle maker.
The exits occur despite the company reporting strong quarterly sales growth.
Market sentiment appears mixed with recent stock volatility and YTD declines.

Ather Energy designs and sells electric two-wheelers (E2W) primarily in India.
It operates two manufacturing facilities in Hosur, Tamil Nadu for assembly and batteries.
The company has an annual production capacity of 4.2 Lakh scooters.
It ranked as the third biggest E2W seller monthly in January 2026.
January sales reached 20,786 units, showing a 21% quarter-on-quarter increase.
Founders Swapnil Jain and Tarun Mehta established the company in 2013.