Stake sale · Mobility & Logistics

BlackRock buys Ather shares worth ₹445.3 Cr in open market deal

By Startup Enthusiast · 1 September 2026

What they do

BlackRock Global Funds bought 25.9 lakh Ather shares in the open market for ₹445.3 crore

The purchase price was ₹1,713.02 per share, a 2.1% premium to the closing price

Ather reported a 71% drop in net loss to ₹51 crore with revenue growth of 79%

BlackRock Global Funds bought 25.9 lakh Ather shares through the open market.
The transaction value was ₹445.3 Cr based on a price of ₹1,713.02 per share.
BlackRock paid a 2.1% premium over the closing price for these shares.
Hero MotoCorp bought an extra 3% stake in Ather for up to ₹1,758 Cr.
Emkay Global Financial Services increased its target price to ₹2,200 per share.
Ather got added to the MSCI India domestic small cap index.
The stock gained 78.2% in the past three months and 127.6% year-to-date.

Ather Energy makes electric two-wheelers.
The company launched the Konarc escooter at its Community Day event.
The entry-level Konarc variant is priced at ₹99,999.
Konarc uses a new EL platform with S and Z product lines.
The scooter claims an IDC range of 100 km to 200 km.
Features include an advanced electronic braking system and a 450-watt onboard charger.
Q1 FY27 operating revenue grew 79% year-over-year to ₹1,227 Cr.
The company reduced its consolidated net loss by 71% compared to the previous year.
Net loss decreased from ₹178 Cr in Q1 FY26 to ₹51 Cr in Q1 FY27.

BlackRock Global Funds (buyer) — Global investment management firm.
Hero MotoCorp (buyer) — Major motorcycle manufacturer increasing stake in Ather.