Ather Energy Limited
HSBC Mutual Fund acquired a 3.73% stake in Ather Energy Limited, purchasing 14,486,328 shares for ₹1,759.50 crore at an approximate price of ₹1214.90 per share. This new position was established through a qualified institutional placement (QIP) by Ather Energy which closed on July 20, 2026.
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.
Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.