Ather Energy Limited
Edelweiss Mutual Fund increased its stake in Ather Energy Limited from 1.23% to 1.41%, raising its shareholding from 4,695,103 to 5,570,322 shares. This increase comes after Ather Energy recently raised ₹1,300 crore through a Qualified Institutional Placement (QIP) by allotting 1.08 crore equity shares at ₹1,202 per share, in which Edelweiss Mutual Fund participated.
An Indian electric two-wheeler manufacturer, Ather Energy designs and assembles electric scooters alongside battery packs and charging infrastructure. The company develops proprietary software systems to support its vehicles and charging ecosystem. Founded in 2013, it operates as a vertically integrated player in the electric scooter segment, handling product design, in-house manufacturing, technology development, and charging network expansion independently.
AMC subsidiary of Edelweiss Financial Services. Manages over Rs 1.5 lakh crore across equity, debt, hybrid and alternative strategies. CEO Radhika Gupta is the most prominent woman leader in Indian asset management and has built a strong direct investor franchise through social media and investor education. Known for multi-asset and international fund-of-fund offerings.