Ather exit enables NIIF to turn Rs 375 Cr into Rs 1,167 Cr in just 3 years

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National Investment and Infrastructure Fund (NIIF) has almost completely cashed out of electric two-wheeler maker Ather Energy, and it’s walking away with a handsome 3X-plus return in just three years.

As per Ather’s red herring prospectus, NIIF had backed the Bengaluru-based EV maker in 2022, investing Rs 374.5 crore during its Series E round. The fund picked up 76,546 preference shares at an issue price of Rs 48,926 per share.

Ahead of Ather’s public listing, the company went through a pre-IPO restructuring, issuing bonus shares in the ratio of…



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Ather exit enables NIIF to turn Rs 375 Cr into Rs 1,167 Cr in just 3 years


National Investment and Infrastructure Fund (NIIF) has almost completely cashed out of electric two-wheeler maker Ather Energy, and it’s walking away with a handsome 3X-plus return in just three years.

As per Ather’s red herring prospectus, NIIF had backed the Bengaluru-based EV maker in 2022, investing Rs 374.5 crore during its Series E round. The fund picked up 76,546 preference shares at an issue price of Rs 48,926 per share.

Ahead of Ather’s public listing, the company went through a pre-IPO restructuring, issuing bonus shares in the ratio of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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