India, Nov. 14 -- Update | November 14, 02:15 AM

A day after reports surfaced that NIIF was planning to dilute its stake in Ather, the state-backed fund sold shares worth INR 541.6 Cr in the electric vehicle (EV) maker.

As per NSE data, NIIF sold 87.02 Lakh shares at INR 622.35 each. The shares that flooded the market were lapped up by Ashoka WhiteOak ICAV, Edelweiss Mutual Fund, Ghisallo Master Fund, India Acorn ICAV, Invesco and Motilal Oswal Mutual Fund.

Original | November 12, 11;58 PM

Days after Tiger Global exited Ather Energy, investor and state-backed National Investment and Infrastructure Fund (NIIF) now reportedly plans to dilute its stake worth INR 551 Cr in the electric vehicle (EV) maker via open-market transactions.

As ...