Tiger Global Management on Thursday exited by selling its entire 5.09 per cent stake in the electric two-wheeler maker for ₹1,204 crore through open market transactions. US-based Tiger Global Management, through its affiliate Internet Fund III Pte, offloaded a little over 1.93 crore equity shares, or 5.09 per cent stake, in Ather Energy, according to the bulk deal data available on the BSE and National Stock Exchange (NSE). The shares were sold in the price range of ₹620.45-623.56. Details of the buyers of Ather Energy’s shares could not be ascertained on the BSE and NSE.
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on Thursday said it has made a request through its wholly-owned subsidiary to acquire 24,000 shares of Pierer Bajaj AG for 24.32 million Euro (around Rs 248 crore). Bajaj Auto International Holdings BV (BAIH) intends to acquire all 50,100 shares held by Pierer Industrie AG (PIAG) in Pierer Bajaj AG (PBAG). PBAG holds a nearly 75 per cent stake in its subsidiary, Pierer Mobility AG (PMAG), the holding company of KTM AG.
on Thursday announced that it has entered into an agreements to divest its stake in bike-taxi aggregator Rapido for ₹287.93 crore. The two- and three-wheeler manufacturer has signed agreements with Accel India VIII (Mauritius) Ltd and MIH Investments One BV for the monetisation of investments held in Roppen Transportation Services Private Ltd (Rapido), according to an exchange filing.