Ather Energy Limited
Axis Mutual Fund entered Ather Energy Limited with a new position of 94,41,912 shares, representing a 2.40% stake, valued at ₹1,147.28 crore at a share price of ₹1214.90. This new position was established through a Qualified Institutional Placement (QIP) where Axis Mutual Fund was allotted 10% of the issue size.
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.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.