02-June-2026
Corporate News
 
Noel Tata questions Rs 7,000 crore funding proposal for Tata Digital businesses at board meeting
02-Jun-2026

The Tata Sons management sought approval for an equity infusion of approximately Rs 7,000 crore into the group's digital consumer businesses at the May 26 board meeting. The digital consumer business include platforms such as BigBasket, Tata Cliq and other consumer-facing digital ventures housed under Tata Digital, according to people familiar with the matter. However Tata Trusts Chairman Noel Tata is said to nave questioned both the scale of funding sought and the assumptions underpinning the business plan, Deople directly aware of the matter told Moneycontrol. The proposal was accompanied by projections indicating that the businesses are likely to continue reporting losses over the next three financial years as the group continues investing aggressively in building scale, customer acquisition and market share, people familiar with the matter said. These losses could amount to Rs 9,000 crore over the next three fiscal years, the people said.

News Source:- https://www.moneycontrol.com/news/business/rs-7-000-crore-fund-infusion-proposed-for-tata-digital-businesses-at-board-meeting-13937959.html