 "Tata")
The Tata group will transfer the holdings of Tata UniStore, which runs Tata Cliq, to Tata Digital, making it the sole entity for all online shopping ventures, a report in the Economic Times (ET) said.
Last week, the conglomerate increased Tata Digital's authorised capital to Rs 21,000 crore from Rs 20,000 crore and infused Rs 750 crore. It was done to repay debt and expand the business. In September, the authorised capital of the company was raised from Rs 15,000 crore to Rs 20,000. In March, the share capital was increased from Rs 11,000 crore to Rs 15,000 crore.
Tata
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