Ather Energy Limited
Government of Singapore decreased its stake in Ather Energy Limited from 9.25% to 6.87%, selling 8,344,076 shares. The value of the sold shares was ₹1013.92 crore at ₹1214.90 apiece.
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.
Singapore sovereign investor (GIC), managing the Government of Singapore's foreign reserves. One of the world's largest SWFs with significant Indian equity holdings.