Tiger Global Management announced on Thursday that it has fully divested its 5.09 percent stake in Ather Energy, the electric two-wheeler manufacturer, for ₹1,204 crore through open market transactions. The US-based investment firm, via its affiliate Internet Fund III Pte, sold slightly over 1.93 crore equity shares, as reported by bulk deal data on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The shares were traded within the price range of ₹620.45 to ₹623.56; however, the identities of the buyers have not been disclosed.
In related developments, Bajaj Auto revealed on Thursday that its wholly-owned subsidiary has submitted a request to acquire 24,000 shares of Pierer Bajaj AG for €24.32 million (approximately ₹248 crore). Bajaj Auto International Holdings BV (BAIH) aims to purchase the total of 50,100 shares currently owned by Pierer Industrie AG (PIAG) in Pierer Bajaj AG (PBAG). Notably, PBAG controls nearly 75 percent of its subsidiary, Pierer Mobility AG (PMAG), which serves as the holding company for KTM AG.
Additionally, TVS Motor Company announced on Thursday its agreement to divest its stake in bike-taxi aggregator Rapido for ₹287.93 crore. The two- and three-wheeler manufacturer has entered into agreements with Accel India VIII (Mauritius) Ltd and MIH Investments One BV for the monetization of investments in Roppen Transportation Services Private Ltd (Rapido), according to an exchange filing.
Published on November 7, 2025.
