Ratan Tata sold 5% stake in Upstox for a 23,000% return at a $3.5B valuation during a buyback.

Ratan Tata, former chairman of Tata Group, sold 5% of his stake in Upstox, an online stock broking platform, realizing a remarkable 23,000% return on his initial investment from 2016. This partial divestment occurred during a buyback at a valuation of $3.5 billion. Upstox aims to democratize financial services in India and plans to go public in the next 2-3 years, with co-founder Kavitha Subramanian praising Tata's essential support in the company's growth.