Shares of Ather Energy were in focus on Thursday, November 13, after a major block deal involving 87 lakh shares changed hands on the exchanges. The transaction, executed at ₹622.35 per share, amounted to nearly ₹542 crore, representing about 2.3% of the company’s equity.
The stock opened higher following the large trade, rising 4.03% to ₹653.85 compared to its previous close of ₹628.55. Ather Energy has already more than doubled in value over the past one year.
According to reports, National Investment and Infrastructure Fund II (NIIF II) was likely the seller in the transaction. CNBC-TV18 reported on Wednesday that NIIF II planned to offload up to 2.34% of its stake in the company, with an estimated deal size of ₹551.1 crore and a floor price of ₹620 per share. As of September 2025, NIIF held a 4.67% stake valued at approximately ₹1,118 crore.
This block deal comes soon after another major investor exited the company. Tiger Global Management recently sold its entire 5% holding, reportedly realising around ₹1,204 crore.
The stake sale also follows the company’s Q2 FY26 earnings announcement. Ather reported a net loss of ₹154 crore for the quarter, narrowing from ₹197 crore a year earlier, while revenue rose 54% year-on-year to ₹899 crore. The company’s EBITDA loss improved to ₹132 crore from ₹138 crore. Other income saw a sharp rise to ₹42 crore from ₹15 crore, partially offsetting operational losses, even as total expenses increased 38% to ₹1,095 crore.
Ather Energy has continued to strengthen its position in the electric two-wheeler market. October registrations show its market share increased to 17.2%, up from 14.3% in the same month last year. The company is also expanding manufacturing capacity, with a third facility under development in Maharashtra’s Chhatrapati Sambhajinagar.
