The National Investment and Infrastructure Fund (NIIF), a government-backed entity, has announced its intention to sell a significant stake in Ather Energy , the Bengaluru-based electric two-wheeler manufacturer. This move comes as Ather Energy continues to strengthen its position in the competitive electric vehicle market.

Stake Sale Details

NIIF has offered to sell 89 lakh shares, representing a 2.34% equity stake in Ather Energy. The proposed sale is valued at Rs 551.80 crore, with shares priced at Rs 620 each. This price represents a 1.4% discount to Ather Energy's closing price on Wednesday.

HSBC Securities and Axis Capital have been appointed to manage this transaction.

NIIF's Current Holdings

Prior to this offer, NIIF held a 4.67% stake in Ather Energy, valued at approximately Rs 1,118 crore as of September. Additionally, NIIF's affiliate, the India Japan Fund, owns a 5.91% stake in the company.

Ather Energy's Market Performance

Ather Energy has been making significant strides in the electric two-wheeler market:

• Achieved the third position in the market with a 17.2% share in September, up from 14.3% the previous year
• Quarterly loss narrowed to Rs 154 crore from Rs 197 crore
• Revenue increased by 54% to Rs 900 crore

Stock Performance

Ather Energy's shares closed 4.7% lower at Rs 629 on the BSE. However, it's worth noting that the stock has gained 108% since its debut on the stock market in May.

Upcoming Investor Meetings

According to the latest LODR data, Ather Energy's management team is scheduled to meet with various institutional investors and analysts in Mumbai from November 17 to 19. These meetings will be based on publicly available information, and no unpublished price-sensitive information will be shared.

This stake sale by NIIF and Ather Energy's recent market performance highlight the dynamic nature of the electric vehicle sector in India. As the industry continues to evolve, investors and market watchers will be keenly observing Ather Energy's growth trajectory and strategic moves in the competitive landscape.

Ather Energy , a leading electric two-wheeler manufacturer in India, has announced the appointment of Mr. Vivek Anand as an Additional Director (Non-Executive Director) to its Board of Directors. The appointment, effective November 10, 2025, was approved by the company's Board based on the recommendation of the Nomination and Remuneration Committee.

Extensive Financial Expertise

Mr. Anand brings over three decades of diverse industry experience to Ather Energy. His career spans across various sectors including FMCG, Telecom, Paints, Consumer Healthcare, and Real Estate. He joined Hero MotoCorp in March 2024 to lead the finance function, bringing valuable experience from his previous roles at renowned companies such as Hindustan Unilever Limited, Unilever Singapore, Unilever Bangladesh, Telenor, GSK, and DLF.

Notable Achievements

In his previous role as Group Chief Financial Officer at DLF Ltd, Mr. Anand played a pivotal role in driving the company's growth and profitability. Under his financial leadership, DLF achieved an all-time high market capitalization of $27.00 billion, representing a 3.5x growth over four years.

Mr. Anand was also part of the lead team at GSK Healthcare during India's largest business divestment in the consumer sector, valued at $4.00 billion. This significant transaction involved the sale of heritage brands like Horlicks and Boost to Unilever, spanning operations in more than 20 countries.

Professional Qualifications and Expertise

As a Chartered Accountant, Mr. Anand possesses significant experience in both Indian and international markets. His areas of expertise include:

• Finance
• Treasury
• Mergers & Acquisitions
• Corporate Planning
• Investor Relations
• Tax Planning
• Risk Management
• Information Technology

Appointment Details

The Board has appointed Mr. Anand as an Additional Director (Non-Executive), and he will be liable to retire by rotation, subject to shareholder approval. It's worth noting that Mr. Anand is not related to any existing Director of Ather Energy and is not debarred from holding a directorship by any regulatory authority.

This strategic appointment comes at a time when Ather Energy is experiencing significant growth in the electric two-wheeler market. The company recently reported a strong Q2 FY26 performance, with a market share increase to 17.40% and improved financial metrics.

Ather Energy's decision to bring Mr. Vivek Anand on board aligns with its expansion plans and could potentially strengthen its financial strategy as it continues to scale operations in the competitive electric vehicle sector.