National Investment and Infrastructure Fund II (NIIF II), acting through its investment manager NIIF Limited, has disclosed the sale of its shares in Ather Energy Limited on February 11, 2026. The transaction was conducted via an On-market (Block sale). The disclosure details the change in shareholding for NIIF II and its Person Acting in Concert (PAC), India-Japan Fund, relative to the company’s total voting capital.
Regulatory Disclosure of Share Sale
National Investment and Infrastructure Fund II (the Seller) has submitted a disclosure regarding the disposal of its interests in Ather Energy Limited (the Target Company) as per the requirements of the SEBI Takeover Regulations. The transaction date for the acquisition/sale was February 11, 2026, executed via an On-market (Block sale) mode.
Pre-Transaction Shareholding Structure
Prior to the sale, the total shareholding concerning voting rights held by the Seller and its PAC was as follows:
- National Investment and Infrastructure Fund II: Held 73,33,219 shares, representing 1.92% of total share capital and 1.88% of diluted capital.
- India-Japan Fund (PAC): Held 2,24,65,447 shares, representing 5.88% of total share capital and 5.76% of diluted capital.
The combined holding before the disposal stood at 2,97,98,666 shares, accounting for 7.80% of the total share/voting capital.
Details of Shares Sold
The details of the acquisition/sale transacted on February 11, 2026 primarily involved the disposal of shares carrying voting rights by National Investment and Infrastructure Fund II. The number of shares sold by NIIF II was 73,33,219, corresponding to a 1.92% stake.
Post-Transaction Shareholding
Following the completion of the sale, the resulting holding structure is as follows:
- National Investment and Infrastructure Fund II: Now holds NIL shares carrying voting rights.
- India-Japan Fund (PAC): Retains its holding of 2,24,65,447 shares, representing 5.88% of total share capital and 5.76% of diluted capital.
The total aggregate holding after the transaction stands at 2,24,65,447 shares, equating to 5.88% of the total share capital.
Total Capital Details
The total share capital of Ather Energy Limited before and after the transaction remained unchanged based on the filing for equity share capital, amounting to 38,18,41,151 shares (Face value of ₹1/- per share). However, the total diluted share/voting capital after the sale stands at 38,97,57,522 shares, assuming full conversion of outstanding securities.
Source: BSE
