US-based investment firm Tiger Global Management has sold its entire 5.09% stake in electric two-wheeler maker Ather Energy for a little over ₹1,204 crore, according to bulk deal data available on the BSE and the NSE. The sale, executed through open market transactions, was carried out by its affiliate, Internet Fund III.
As per exchange data, the Tiger Global affiliate sold 10 million shares on the NSE at an average price of ₹623.56 per share and another 0.93 million shares on the BSE at an average price of ₹620.45 per share. Together, the transactions amounted to a total consideration of ₹1,204 crore.
As of September 2025, Internet Fund III held 19.3 million shares of Ather Energy, representing 5% of the company’s paid-up capital. The fund held a 6.56% stake and offloaded 400,000 equity shares during Ather Energy’s public issue.
The promoter group, including Hero MotoCorp, owned 41.22%, while public shareholders — comprising retail and institutional investors — collectively held 58.78%.
The company also saw bulk deal activity involving IRAGE Broking Services, which purchased 2.38 million Ather Energy shares worth ₹148 crore across the BSE and NSE at an average price of ₹622.26 per share, while simultaneously selling an equal number of shares of the same value on both exchanges.