India, Feb. 12 -- National Investment and Infrastructure Fund (NIIF) yesterday exited Ather Energy by selling its entire 1.92% stake in the EV company for Rs.520.7 Cr via open market transactions.

As per BSE and NSE data, the state-backed fund offloaded 73.3 Lakh shares at Rs.710 each to rake in the gains.

The shares that flooded the market were lapped up by Abu Dhabi Investment Authority, ICICI Prudential Mutual Fund, Invesco, Motilal Oswal Mutual Fund, Societe Generale, Tata AIG Life Insurance, Aditya Birla Sun Life Mutual Fund, Morgan Stanley Asia and Goldman Sachs.

It is pertinent to note that the National Investment and Infrastructure Fund II had held 1.92% in the company at the end of the December 2025 quarter.

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