Noel Tata Pushes Back on ₹7,000 Cr Tata Digital Infusion as Losses Pile Up
Tata Trusts chairman Noel Tata has questioned Tata Sons' proposed ₹7,000 crore equity injection into Tata Digital, flagging aggressive 45% revenue growth assumptions and ₹9,000 crore in projected cumulative losses over three years. He even queried whether the group should continue owning Tata Cliq, as BigBasket's market share has slipped to 7% from 40% in 2021 amid quick-commerce onslaught.
Noel Tata questioned Tata Sons' proposed ₹7,000 crore equity infusion into Tata Digital's consumer businesses (BigBasket, Tata Cliq, Tata Neu), citing aggressive 45% growth assumptions and projected ₹9,000 crore cumulative losses, even asking whether the group needs to own Tata Cliq.
Why this matters
Pushback follows Tata Sons' earlier ₹3,000 crore lifeline and 5.5% markdown to $10.3B valuation, plus reports Maya Tata may exit amid restructuring as BigBasket's share collapses to 7%.
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