NIIF via its affiliate Nationwide Funding and Infrastructure Fund-II offloaded somewhat over 87.02 lakh fairness shares in two tranches, representing a 2.28 per cent stake in Bengaluru-based Ather Power, as per the block deal information obtainable on the NSE.
The transaction was valued round Rs 541.58 crore, and was executed at a median worth of Rs 622.35 apiece.
After the stake sale, NIIF’s holding in Ather Power has come right down to 2.39 per cent from 4.67 per cent.
Mumbai-based Nationwide Funding and Infrastructure Fund Ltd (NIIF) is a sovereign-linked various asset supervisor, anchored by the Authorities of India.
With USD 4.9 billion in fairness capital commitments, NIIF’s international investor base consists of sovereign wealth funds, pension funds, non-public fairness companies, and growth banks. Edelweiss Mutual Fund (MF), Invesco MF, Motilal Oswal MF, Ashoka WhiteOak Rising Markets Fairness Fund, Ashoka India Alternatives Fund, Investor Mukul Agrawal’s Param Capital, Societe Generale and US-based Ghisallo Capital Administration purchased shares of Ather Power, as per the information. Shares of Ather Power rose 0.91 per cent to shut at Rs 634.25 apiece on the NSE.
On Monday, Ather Power reported narrowing of internet loss at Rs 154.1 crore within the second quarter ended September 2025, using on increased income.
The corporate had posted a internet lack of Rs 197.2 crore within the corresponding quarter final fiscal, Ather Power Ltd mentioned in a regulatory submitting.
Income from operations within the second quarter stood at Rs 898.9 crore as in opposition to Rs 583.5 crore within the year-ago interval, it added.
