Morgan Stanley, Goldman Sachs pick multibagger Ather Energy via block deals; NIIF sells Rs 233 cr stake

Morgan Stanley and Goldman Sachs acquired shares in smallcap multibagger Ather Energy through separate block deals on Wednesday, with the National Investment and Infrastructure Fund (NIIF) emerging as the seller. NIIF offloaded over 33.78 lakh shares in transactions valued at around Rs 233 crore.

Other buyers in the electric two-wheeler maker included Tata Mutual Fund, Aditya Birla Sun Life MF, ICICI Prudential MF and WhiteOak Capital MF.

Morgan Stanley purchased over 6 lakh shares for Rs 43 crore via its affiliate Morgan Stanley Asia Singapore PTE while Goldman Sachs bought 3.5 lakh shares for Rs 25 crore through Goldman Sachs Bank Europe SE.


The shares were sold at a price of Rs 710 apiece, which was at a 2.4% discount from the Tuesday closing price of 727.55. Today, the shares ended at Rs 716, down Rs 11.55 or 1.6%.

Tata Mutual Fund, Aditya Birla Sun Life MF and ICICI Prudential MF picked up shares worth Rs 50 crore, Rs 50 crore and Rs 40 crore, respectively.

National Investment And Infrastructure Fund II held over 73.33 lakh shares in Ather Energy as of December 31, 2025. This represented 1.92% equity in the company.

Ather Energy share price history

Listed on May 6, 2025, Ather Energy's initial public offer (IPO) was launched on April 28-20. The company set the price band at Rs 304 to Rs 321. The stock made a lackluster debut, getting listed at Rs 326.05 on the BSE and Rs 328 on the NSE.

The stock later gathered momentum, climbing to a high of Rs 790 on October 21, 2025. The sharp rally translated into a 146% surge in under four months. Down from the peak, its returns still stand at 123%.

The company offers Rizta and Apex 450 bikes.

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