Tata Group to increases its investment in Tata Cliq by 3500 crore

According to the reports, Tata Group is planning to invest Rs.3500 crore in Tata Cliq. It has been reported that the board of directors has recommended to increase the authorized share capital by 5000 crore from the existing capital of 1500 crore. And this will be done through issuing of equity shares and as per filling papers the paid up value of the share capital of Tata UniStore is Rs.1203.12 crore. Tata Cliq has also raised its borrowing limit to Rs.490 crore recently.

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