Tiger Global exits Ather Energy with Rs 1,204-crore stake sale
US-based investment firm Tiger Global Management has sold its entire 5.09% stake in electric two-wheeler maker Ather Energy for a little over ₹1,204 crore, according to bulk deal data available on the BSE and the NSE. The sale, executed through open market transactions, was carried out by its affiliate, Internet Fund III.
As per exchange data, the Tiger Global affiliate sold 10 million shares on the NSE at an average price of ₹623.56 per share and another 0.93 million shares on the BSE at an average price of ₹620.45 per share. Together, the transactions amounted to a total consideration of ₹1,204 crore.
