India, Nov. 7 -- Ather Energy's early backer Tiger Global sold its entire 5.09% stake in the EV company for INR 1,204 Cr via bulk deals.

The investor sold 1.01 Cr shares of Ather Energy at a price of INR 623.56 apiece on the NSE via a block deal yesterday. It offloaded the remaining 92.35 Lakh shares on the BSE in another block deal at a price of INR 620.45 apiece.

The total amount of the two transactions stood at INR 1,204 Cr.

As per Ather Energy's shareholding pattern for the September quarter, Tiger Global held 1.93 Cr equity shares of the company, via its Internet Fund III.

Notably, Tiger Global first invested $12 Mn in Ather Energy in 2015. It sold 4 Lakh shares via the offer-for-sale (OFS) component in Ather Energy's OFS for INR...