{
  "id": 4710719,
  "title": "BlackRock Buys Ather Shares Worth ₹445 Cr",
  "url": "https://urgent.news/2026/08/31/blackrock-buys-ather-shares-worth-445-cr",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T20:05:10.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/blackrock-buys-ather-shares-worth-%e2%82%b9445-cr/"
  },
  "original_language": "en",
  "account": "Asset management firm BlackRock made a significant purchase, acquiring nearly 26 Lakh shares of electric vehicle company Ather Energy. The value of this transaction amounted to ₹445.3 Cr. According to National Stock Exchange data, BlackRock, through its BlackRock Global Funds, purchased 25.9 Lakh shares at ₹1,713.02 each. This purchase was made at a 2.1% premium to the stock’s previous closing price. The acquisition took place on the same day Ather was incorporated into the MSCI India domestic small cap index. The stock reached an all-time high of ₹1,704.1 during the day’s trading, following Ather's launch of the Konarc e-scooter. This new e-scooter was introduced during Ather's annual Community Day, priced at ₹99,999 for the entry-level variant, positioning it in the mass-market electric two-wheeler segment. The Konarc, built on Ather’s new EL platform, is set to be available across the S and Z product lines, boasting an estimated IDC range between 100 km and 200 km. Additional features unveiled at the event included an advanced electronic braking system, a 450-watt onboard charger, and other charging and convenience enhancements. Following the launch, brokerage Emkay Global Financial Services increased its target price for the stock by 37.5%, raising it to ₹2,200 per share from the previous ₹1,600. The recent launch, however, is not the sole factor behind Ather’s surge in value. Shortly prior to BlackRock’s purchase, auto giant Hero MotoCorp had acquired an additional 3% stake in Ather, amounting to up to ₹1,758 Cr. These factors, combined with Ather’s improved financial performance, have contributed to the company’s upward stock movement. In Q1 of fiscal year 2027, Ather managed to reduce its consolidated net loss by 71%, bringing it down to ₹51 Cr from ₹178 Cr in the same quarter last year. Operating revenue for the quarter saw a remarkable 79% increase YoY, reaching ₹1,227 Cr. Consequently, shares of the company have experienced significant growth, with the stock jumping 78.2% over the past three months and 127.6% year-to-date. On Monday's trading session, Ather's shares closed 4.11% higher at ₹1,678.2 on the BSE.",
  "summary": "Asset management giant BlackRock has purchased nearly 26 Lakh shares of electric vehicle (EV) maker Ather Energy via an open-market…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}