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 These meetings will be based on publicly available information, and no unpublished price-sensitive information will be shared.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 has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Vivek Anand as a Non-Executive Non-Independent Director. The company announced that shareholders will vote on this resolution through remote e-voting, with the voting period scheduled from December 23, 2025, to January 21, 2026.

Postal Ballot Process Details

The postal ballot notice, issued on December 22, 2025, seeks approval for Mr. Vivek Anand's (DIN: 06891864) appointment as a Non-Executive Non-Independent Director of the company. The resolution will be conducted exclusively through remote e-voting, with no physical postal ballot forms being distributed.

Director Appointment Background

Mr. Vivek Anand was initially appointed as an Additional Director (Non-Executive Director) by the Board of Directors on November 10, 2025, based on the recommendation of the Nomination and Remuneration Committee. The current postal ballot seeks formal shareholder approval for his appointment, making him liable to retire by rotation.

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, and Information Technology.

Voting Process and Compliance

The company has engaged National Securities Depositories Limited (NSDL) to provide e-voting facilities to all members. Only shareholders whose names appear in the register of members as of the cut-off date (December 19, 2025) will be eligible to vote. The postal ballot notice has been sent electronically to members with registered email addresses and is also available on the company's website and stock exchange platforms.