CCI Approves NIIF's Stake Increase in Ather Energy

- The Competition Commission of India (CCI) has approved the National Investment and Infrastructure Fund's (NIIF) proposal to buy more shares in Ather Energy. - The deal was approved under the green channel route, a fast-track approval process by CCI. - The India-Japan Fund, managed by NIIF, aims to strengthen its position in the electric two-wheeler market and clean mobility solutions. - Ather Energy is preparing for its IPO, targeting a valuation of around $2.5 billion. - Despite growth, Ather remains a loss-making entity, with net losses widening to INR 1,059.7 Cr in FY24. Source: [Inc42](https://inc42.com/buzz/cci-greenlights-niifs-proposal-to-pick-up-additional-stake-in-ipo-bound-ather-energy/)