Tiger Global sells entire Ather Energy stake for Rs 1,204 Cr

Tiger Global (Internet Fund III Pte Ltd), has sold all of its shares representing 5% of the electric two-wheeler maker Ather Energy’s total paid-up capital through open market transactions on November 6, 2025.

The company sold 1 crore shares on NSE at an average price of Rs 623.56 per share and the rest 93 lakh shares on BSE at an average price of 620.45 per share. Both sales aggregate to a total sum of Rs 1,204 crore.

As of September 30, Internet Fund owned 1.93 crore shares of Ather Energy, forming a total of 5% of Ather Energy's total captable.

The company also witnessed bulk deals from IRAGE BROKING SERVICES LLP, which bought 22 lakh Ather Energy’s shares worth Rs 137 crore at an average price of Rs 622.26 per share while selling 2 lakh shares worth Rs 14.5 crore for price stabilization. 

In terms of EV sales, Ather Energy retained its third position in October, rebounding from flat growth in September to post a robust 53% increase with 28,061 registrations, capturing a strong 19.53% market share. The company also surpassed its competitor Ola Electric in terms of market capitalization.

The exit comes just before the company’s financial results for the second quarter of the ongoing financial year (FY26), which is scheduled for 10th November.

For the first quarter, the company’s revenue from operations increased by 79% to Rs 645 crore in Q1 FY26, from Rs 360 crore in Q1 FY25. The company’s net losses reduced by 3% to Rs 178 crore in Q1 FY26 from Rs 183 crore in Q1 FY25.

Ather Energy’s stock is currently trading at Rs 634 (as of 10:50 AM), bringing its total market capitalization to Rs 24,168 crore ($2.7  billion).

It’s worth noting that Tiger Global also trimmed its stake in Ola Electric, a competitor to Ather Energy, in May this year.