National Investment and Infrastructure Fund sells 2.28% stake in Ather Energy to 8 investors

Block deals on November 13

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26 Aug, 2025 12:21

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National Investment and Infrastructure Fund II (NIIF), owned by the Government and a group of institutional investors, offloaded a 2.28 percent equity stake in Ather Energy, the Bengaluru-based electric two-wheeler maker, through open market transactions on November 13.

Ather Energy shares rose 1.7 percent to Rs 639.15 and have remained range-bound for over a week.

NIIF sold 87.02 lakh equity shares (equivalent to 2.28 percent of the paid-up equity) in the company at Rs 622.35 per share, amounting to Rs 541.57 crore.

As of September 2025, NIIF held 1.77 crore equity shares, or a 4.67 percent stake, in Ather Energy.

The 2.28 percent stake was acquired by several domestic and global institutional investors, including Ghisallo Master Fund, Invesco Mutual Fund, Motilal Oswal Mutual Fund, Param Capital, Societe Generale, and Ashoka Whiteoak ICAV.

Among other block deals, Societe Generale picked up 91,177 equity shares in Axis Bank at Rs 1,221.6 per share for Rs 11.1 crore from BofA Securities Europe SA, and 11.53 lakh shares in Tata Capital at Rs 325.2 per share for Rs 37.5 crore from Marshall Wace Investment Strategies – Eureka Fund.

Further, Societe Generale acquired 88.24 lakh shares in Sammaan Capital at Rs 176.97 per share for Rs 156.16 crore from Citigroup Global Markets Mauritius and Morgan Stanley Asia Singapore.

Meanwhile, Supreme Power Equipment and Salzer Electronics were also in focus on Thursday. The former’s shares rallied more than 6 percent to close at Rs 207.65, while the latter’s shares surged 13.6 percent to Rs 782.55 on the NSE.

Varanium Capital Advisors, the asset management firm, bought 2.4 lakh shares in Supreme Power Equipment at Rs 227.42 per share for Rs 5.45 crore, and 1.6 lakh shares in Salzer Electronics at Rs 772.62 per share, valued at Rs 12.36 crore.