Nationwide Funding and Infrastructure Fund has bought almost half its shareholding in Ather Energy, lowering its stake by 2.28% by way of open-market block offers on November 13.

NIIF offloaded 87 lakh shares at a median value of Rs 622.35 every, amounting to Rs 541 crore.

As of the September quarter, the sovereign wealth fund held 1.77 crore shares, representing 4.7% of Ather’s paid-up capital.

The block sale noticed robust demand from institutional traders. Motilal Oswal Mutual Fund purchased shares value Rs 150 crore, whereas Invesco Mutual Fund picked up Rs 120 crore. Param Capital invested Rs 99.6 crore and Société Générale acquired Rs 62 crore. Edelweiss Mutual Fund bought Rs 50 crore. Ashoka WhiteOak ICAV and India Acorn ICAV invested Rs 25 crore every, and Ghisallo Grasp Fund LP purchased Rs 10 crore value of shares.

Block deal information from the NSE confirmed that NIIF bought the shares in two tranches. Ghisallo bought 1.62 lakh shares and Société Générale purchased 9.94 lakh shares in separate transactions.

The share sale got here every week after Tiger International exited Ather Vitality utterly, producing Rs 1,204 crore and marking a reported 16X return on its funding.

Operationally, Ather Vitality regained progress momentum in October after a flat September. The corporate reported 28,061 registrations for the month, a 53 % rise, securing a 19.53% share of the electrical two-wheeler market.

Financially, Ather has continued to strengthen its quarterly efficiency. The corporate posted income of Rs 899 crore in Q2 FY26, up from Rs 583 crore in the identical quarter final 12 months. On a standalone foundation, Ather reported Rs 941 crore in income for the September quarter, marking a 57% improve year-on-year, whereas losses improved to Rs 154 crore from Rs 197 crore.