Rata Tata’s investment in smartphone maker Xiaomi is likely to yield healthy returns as the Chinese firm heads for multi-billion-dollar maiden offering. In April 2015, the former head of Tata group had picked stake in the fast-growing–yet little-known beyond urban centres–smartphone company in his personal capacity.
While the quantum or value of the transaction was kept secret then, Xiaomi’s offer document reveals Tata had picked 0.0024 per cent stake (40,588 shares). The stake is held by RNT Associates International Pte. Xiaomi’s initial public ...
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First Published: Tue, June 12 2018. 01:37 IST
