IIT Madras likely to fetch ₹70 crore via stake sale in Indo-MIM IPO, to invest in innovation
The value of IIT Madras’ holding is estimated at more than ₹140 crore at the expected valuation, as per market and investment banking officials. | Photo Credit: B. VELANKANNI RAJ The Indian Institute of Technology, Madras (IIT Madras) will monetise around half of its total holding worth ₹140 crore from the forthcoming Initial Public Offering…