Ather Energy Block Deal: NIIF to Sell 1.92% Stake Worth ₹533.5 Crore

• Government fund NIIF plans to sell up to 1.92% stake in electric two-wheeler company Ather Energy.
• The block deal is estimated to be worth ₹533.5 crore, with shares priced between ₹705.7 and ₹727.55.
• Ather Energy significantly reduced Q3FY26 net loss to ₹83.6 crore and saw revenue jump 50% to ₹953.6 crore.
• Non-vehicle revenue (software, services) now accounts for 14% of total earnings, diversifying income streams.
• Company achieved record sales of 67,851 units in Q3, increasing its pan-India market share to 18.8%.