Ather Energy’s IPO on April 28 will earn IIT Madras around Rs 50 crore from its early 5% stake.
IITM Incubation Cell and RTBI together hold 15.58 lakh shares; some will be sold in the OFS.
Tiger Global to book 8.3x returns; GIC and NIIF to make 1.6x–1.7x gains.
Ather aims to raise Rs 3,000 crore; it competes with Ola Electric in India’s E2W space.
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