Ratan Tata Cashes In On Upstox Stake, Earns 10x Return
Business tycoon Ratan Tata has sold 5% of his stake in Upstox to the company in a buyback transaction, leading to a 10-fold realised return on his investment, according to a statement. While Tata continues to hold 95% of his original investment, he is set to make 23000% returns on his money, based on Upstox's last round valuation of $3.5 billion.