HSBC India Acts as Joint Placement Agent on INR5.2bn Ather Energy Block Transaction

HSBC India acted as Joint Placement Agent on the c.INR5.2bn/USD58m block trade in Ather Energy Limited (Ather) by National Investment and Infrastructure Fund (NIIF). NIIF sold its remaining c.1.9% stake in Ather Energy via a block transaction with HSBC identifying potential buyers for the trade.

This transaction marks NIIF’s second consecutive sell-down in Ather executed through HSBC, and represents the complete exit of its Growth Equity Fund from the company. The block transaction saw strong participation from Domestic Mutual Funds, Insurance Companies, Sovereign Wealth Funds and other leading International Investors.

The successful execution of this transaction highlights our strong distribution capabilities and investor connectivity, enabling us to mobilise high-quality demand within an accelerated timeline.