Rs 5,000 Crore To Be Raised By Tata Digital
Tata Sons’ digital business arm Tata Digital is going to raise Rs 5,000 crore through commercial paper. This comes as the company looks for funds to expand in e-commerce. Tata digital is building a platform for the Tata Group’s consumer business, acquiring 64 percent in online grocer Big Basket. The firm also made an early investment into online healthcare platform 1mg investing Rs 100 crore via compulsory convertible debentures (CCDs).