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Morgan Stanley, Goldman Sachs, Societe Generale, and Abu Dhabi Investment Authority, among others, on Wednesday collectively bought a 1.92 per cent stake in Ather Energy from the National Investment And Infrastructure Fund for nearly Rs 521 crore through open market transactions. ICICI Prudential Mutual Fund (MF), Tata MF, Invesco MF, Motilal Oswal MF, Aditya Birla Sun Life MF, WhiteOak Capital MF and Tata AIG Life Insurance Company Ltd also bought shares of electric two-wheeler maker Ather Energy, as per the block deal data available on the BSE and NSE. These entities purchased a total of 73,33,219 shares on NSE and BSE, representing a combined 1.92 per cent stake in Bengaluru-based Ather Energy. The shares were acquired at an average price of Rs 710 apiece, taking the combined deal value to Rs 520.66 crore. Meanwhile, the National Investment And Infrastructure Fund (NIIF) through its affiliate National Investment and Infrastructure Fund-II offloaded the same number of shares at t
Electric two-wheeler maker Ather Energy on Monday reported narrowing of the net loss to Rs 85 crore for the third quarter ended December 31, 2025. The company reported a net loss of Rs 198 crore in the October-December quarter of the previous fiscal. Total income increased to Rs 996 crore for the third quarter as against Rs 650 crore in the year-ago period, Ather Energy said in a regulatory filing. The company said it recorded its highest-ever quarterly volumes of 67,851 units, delivering 50 per cent year-on-year growth, it added. Ather said its losses continued to shrink, with EBITDA loss down to Rs 29.9 crore, and the quarterly loss narrowing by 45 per cent as compared to Q2 FY26, underscoring steady progress toward profitable, sustainable growth.. This improvement was driven by structural levers built over the past year, now translating into strong operating leverage and positioning the business to navigate near-term margin volatility, it added.. "Q3 has been a strong quarter
Electric two-wheeler maker Ather Energy on Friday announced expansion of its product offering in Sri Lanka, which has become a growing international market for it. The company, which entered the island nation in December 2024, said it launched its family scooter Rizta in Sri Lanka at the Colombo Motor Show 2025 in partnership with Evolution Auto Pvt. Ltd, its authorised distributor in the country. It marks the next step in Ather's international growth strategy, focused on expanding its product portfolio and strengthening its ecosystem in key international markets, Ather Energy said in a regulatory filing. "Since entering Sri Lanka last year, it has quickly become a growing market for us, and expanding our portfolio here with the Rizta felt like the natural next step," Ather Energy Chief Business Officer Ravneet Singh Phokela said. Stating that the Rizta has seen strong acceptance in India for over a year and more recently in Nepal, he said, "We believe it is well-suited for the ne