Tata trims Upstox stake, '23,000% gain' over 8 years

Ratan Tata has sold a 0.06% stake in brokerage platform Upstox for around $2 million, achieving a 23,000% return. This sale leaves him with a 1.27% stake in the company. Tata, now an angel investor, continues to shed shares in new-age firms as their valuations rise, while still holding a significant portion in Upstox.

Oct 4, 2024 - 02:00

Tata trims Upstox stake, '23,000% gain' over 8 years

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Ratan Tata has sold a 0.06% stake in brokerage platform Upstox for around $2 million, achieving a 23,000% return. This sale leaves him with a 1.27% stake in the company. Tata, now an angel investor, continues to shed shares in new-age firms as their valuations rise, while still holding a significant portion in Upstox.