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Tata Sons’ digital services subsidiary Tata Digital has infused debt money in online medicine startup 1mg. Tata Digital is in the final stages to acquire a controlling stake in the Gurugram-based company. As per regulatory filings, Tata Digital is picking up Rs 100 crore worth compulsorily convertible debentures or CCDs in 1mg, according to Entrackr, a platform that tracks tech companies.
1mg has allotted 29,054 CCDs at a price of Rs 34,417.87 per debenture to raise the sum. The firm has already received Rs 25 crore while the remaining Rs 75 crore will be infused at a later stage. The Entrackr
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