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SUMMARY
NIIF plans to offload nearly 89 Lakh shares, or 2.34% shareholding, at INR 620 apiece, a discount of 1.4% compared to the stock’s last closing price of INR 629.05 on the BSE
As per NSE data, NIIF held a 4.67% stake, or 1.77 Cr shares, in the EV maker at the end of September 2025. The stake is currently valued at INR 1,118 Cr
This comes days after early backer Tiger Global sold its entire 5.09% stake in the EV company for INR 1,204 Cr via multiple bulk deals
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