A large block trade took place in Ather Energy Ltd on Thursday, with 87 lakh shares -- about 2.3 percent of the company’s equity -- changing hands on the exchanges. The deal was executed at Rs 622.35 per share, amounting to a transaction value of roughly Rs 542 crore, according to stock-exchange data.
Ather Energy stock was trading higher following the large trade. Shares were up 4.03 percent in the opening trade at Rs 653.85, compared with a previous close of Rs 628.55. The stock has more than doubled in the last one year.
CNBC TV18 reported yesterday that National Investment and Infrastructure Fund II (NIIF II) was likely to offload up to 2.34 percent of its stake in Ather Energy, with the offer size pegged at up to Rs 551.1 crore and a floor price of Rs 620 per share. NIIF was reported to hold a 4.67 percent stake in Ather as of September 2025, valued at about Rs 1,118 crore.
The block trade also follows another major investor exit. Tiger Global Management recently sold its entire 5 percent stake in Ather, reportedly realising around Rs 1,204 crore.
The block deal comes a day after the company reported its Q2 FY26 results. Ather’s net loss narrowed to Rs 154 crore from Rs 197 crore a year earlier, while revenue rose 54 percent year-on-year to Rs 899 crore. EBITDA loss improved slightly to Rs 132 crore from Rs 138 crore. Other income jumped to Rs 42 crore from Rs 15 crore, helping cushion operational losses. Total expenses grew 38 percent to Rs 1,095 crore.
October vehicle registrations show that Ather has expanded its market share to 17.2 percent in electric two-wheelers -- up from 14.3 percent in the same month last year. The company is expanding manufacturing footprint: its third facility is under development in Maharashtra (Chhatrapati Sambhajinagar) to support ramp-up.
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