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Ahead of acquisition, Tata Digital infuses Rs 100 Cr debt in 1mg

Shortpedia

Content Team
Image Credit: medium

Even as Tata Digital is in the final stages to acquire a controlling stake in healthtech company 1mg, the company has infused debt money in the Gurugram-based venture. According to regulatory filings, Tata Digital is picking up Rs 100 crore worth compulsorily convertible debentures or CCDs in 1mg. Tata Digital’s investment has valued the eight-year-old firm at Rs 1,770 crore or $240 million.