AutomobilesAfter close
Tiger Global exits Ather Energy with ₹1,204 crore stake sale
after close1 source ↓written by the desknot a recommendation
- by selling
- 5.09% stake
- ₹1,204 crore
- 6 Oct 2023
- each through open
- ₹620.45 to ₹623.56
- which raised
- ₹2,900 crore
Investment firm Tiger Global Management has fully exited Ather Energy by selling its 5.09% stake for ₹1,204 crore on 6 Oct 2023. The shares were sold at prices ranging from ₹620.45 to ₹623.56 each through open market transactions.
This move follows Ather's IPO in April, which raised ₹2,900 crore. The exit may influence market sentiment ahead of Ather's upcoming Q2FY26 results.
Not investment advice. For informational purposes only.