Tata Group has reportedly invested more than INR 5,000 Cr in the Tata Cliq parent in FY23
Between FY18 and FY21, the UniStore entity has raised INR 959 Cr, in equity, from the parent company
Tata Industries also backed Tata Cliq with INR 3,462 Cr investment in FY23, taking its total investments to INR 11,872 Cr into its step-down subsidiaries
Tata Group has invested another INR 1,600 Cr capital into Tata Cliq parent Tata UniStore. According to regulatory filings, the Group has already invested more than INR 5,000 Cr in UniStore in FY23.
According to the filings, accessed by ET, the company board had approved the capital infusion on November 16, 2022, allotting equity shares on a rights basis to Tata Industries. However, the purpose of the fundraise has not been disclosed.