Overview
- Tiger Global, via Internet Fund III, sold its remaining 1.93 crore shares, representing 5.09% of Ather Energy.
- The sale raised about Rs 1,204 crore through two block trades: 1.01 crore shares on the NSE at Rs 623.56 and 92.35 lakh on the BSE at Rs 620.45.
- Exchange disclosures did not name the buyers of the blocks.
- Ather’s stock fell roughly 5% on Nov 6, then rose 3.16% on Nov 7 to close at Rs 654.70.
- The exit closes a 2015 early investment by Tiger Global and precedes Ather’s Q2 FY26 release on Nov 10, following strong Q1 revenue growth and higher October registrations.