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At meeting held on 15 May 2021The Board of Kirloskar Industries at its meeting held on 15 May 2021 has given its consent to invest in equity shares of Wellness Space Developers (WSDL), a wholly owned subsidiary of the Company upto Rs 15 crore by way of Rights lssue, subject to increase in the Authorised Share Capital of WSDL.
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Tata Digital gets Rs-10,000 crore capital boost from parent
Illustration: Rahul Awasthi
Synopsis
Tata Digital is acquiring a 64.3% stake in e-grocer BigBasket for about $1.2 billion and is spearheading the launch of a SuperApp that will bring all the group s consumer businesses under a single ecommerce platform
Kolkata: The Tatas have increased the authorised share capital of Tata Digital to Rs 11,000 crore from Rs 1,000 crore, according to regulatory filings, indicating the level of funding that the group may infuse into its ecommerce business.
Shareholders gave their consent for the increase in authorised share capital at an extraordinary meeting held on April 3, 2021, Tata Digital said in filings with the Registrar of Companies. However, the