A BloombergQuint report says Ratan Tata bought a 0.0024 percent stake with 49,583 shares with an investment of about $1 million in 2015, as per Xiaomi's Initial Public Offering filing.
Xiaomi plans to raise up to $10 billion in the IPO that could value it close to $100 billion. Tata's investment in the company is now worth close to $2.1 million —a twofold jump in four years. Tata is the only Indian investor in the company, and routed his investments through RNT Associates International, according to BloombergQuint.
It will generate huge profit for the investors as these two giants tata and xiaomi are doing business together