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Tata Sons to infuse capital into digital arm by 2025
Tata Sons plans to inject capital into its digital subsidiary, Tata Digital, by mid-2025.
Until then, the division will depend on internal funding and debt financing for growth.
Tata Digital has reduced its standalone losses to 1,201 crore rupees (US$140.9 million) in FY24, down from 1,370 crore rupees (US$160.7 million) the previous year.
Its turnover more than doubled to 420.5 crore rupees (US$49.3 million) from 204.3 crore rupees (US$24 million) during the same period.
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