Ather Energy Block Deal: Shares of electric two-wheeler maker Ather Energy are in focus today (Thursday, November 13) on the back of a block deal. According
to details available with ET NOW, 1.21 million shares of the company changed hands in a large block deal. The size of the deal was around Rs 551 crore. The block deal took place at a floor price of Rs 620 per share -- a discount of 1.4 per cent to the closing price of November 12, at Rs 628.55. As per details, 2.3 per cent of the share capital of Ather Energy changed hands in block. The block deal has lock-in of six months for the buyers. The details about the parties involved in the transactions are now known yet. Media reports, however, suggested that the National Investment and Infrastructure Fund II (NIIF II) likely sold up to 2.34 per cent of its stake.
Post block deal, Ather Energy shares went on to make a high of Rs 659.90 on NSE, up 5 per cent. At 11 AM, the counter traded firmly in the green to quote 2 per cent higher at Rs 641.65.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
