The latest step by Tata comes to solidify the presence of the group in the e-commerce section. In the filings, Tata Digital mentioned that the authorized capital was also increased considering its business plans, repayment of debts, and the investments that are supposed to be made at given intervals of time. In the last week, the Tata group increased the authorized share capital of Tata Digital by Rs 1,000 core to Rs 21,000 crore and it also infused a fresh Rs 750 crore according to the filings shared with the Registrar of Companies (RoC). This is happening for the second time that Tata has expanded the authorized share capital of Tata Digital from Rs 15,000 crore to Rs 20,000 crore. The same has been done to create a way for capital infusion, the previous infusion for the same was Rs 3,462 crore. In March 2023, Tata Digital increased its capital from Rs 11,000 crore to Rs 15,000 crore as per an Economic Times report. Talking about the Tata UniStore, it is owned by both Tata and Trent. Tata has a 96.78 percent share of the UniStore while the remaining shares are held be Trent. The group has valued Tata UniStore for Rs 750 crore and Tata Digital will offer preference shares to Tata Industries and Trent on a private placement basis as consideration for the acquisition of the Tata UniStore.
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