NIIF Sells Nearly 3% Stake in Ather Energy for ₹541 Crore

The National Investment and Infrastructure Fund (NIIF) has divested nearly 3 per cent stake in Bengaluru-based electric two-wheeler manufacturer Ather Energy, raising about ₹541 crore through open market transactions.

According to block deal data available on the National Stock Exchange (NSE), NIIF — through its affiliate National Investment and Infrastructure Fund-II — sold a little over 87.02 lakh equity shares of Ather Energy in two tranches, representing around 2.28 per cent stake in the company.

The shares were sold at an average price of ₹622.35 apiece, valuing the total transaction at approximately ₹541.58 crore.

Ather Energy, one of India’s leading electric scooter manufacturers, has been witnessing robust growth driven by rising demand for electric mobility solutions and expanding charging infrastructure across the country.

The partial stake sale by NIIF comes amid increased investor interest in India’s rapidly growing EV ecosystem, with Ather continuing to strengthen its position in the premium e-scooter segment.

Industry observers view the transaction as part of NIIF’s broader strategy to rebalance its portfolio and realise gains from high-growth sectors like clean mobility.