Promoters and early backers of rel=”dofollow” href=”https://economictimes.indiatimes.com/ather-energy-ltd/stocks/companyid-1965014.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Ather Energy, including Flipkart cofounder data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/binny-bansal/profileshow/79679476.cms”>Binny Bansal, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tiger-global” target=”_blank”>Tiger Global, rel=”dofollow” href=”https://economictimes.indiatimes.com/general-insurance-corporation-of-india/stocks/companyid-12266.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>GIC, and NIIF, have seen the value of their stakes more than double — even as the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ev-company” target=”_blank”>EV company’s shares slipped below listing price on debut. data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/ather-energy-shares-debut-at-2-2-premium-over-ipo-price/articleshow/120919056.cms” data-type=”tilCustomLink” target=”_blank”>Despite a subdued market debut, the combined value of stakes held by Ather’s promoters and key shareholders now stands at Rs 7,055.65 crore, or 2.2x their investment, as per ET calculations from the red herring prospectus.
This group includes Tarun Mehta, Swapnil Jain, rel=”dofollow” href=”https://economictimes.indiatimes.com/hero-motocorp-ltd/stocks/companyid-13636.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Hero MotoCorp, Tiger Global, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/gic” target=”_blank”>GIC, NIIF,…
