Tata woos investors for digital platform as it seeks to compete with Jio, Amazon, Flipkart

The Print | Sep 28, 2020 at 5:58 PM
  • India’s Tata Group is in talks with potential investors about taking stakes in a new digital platform, people familiar with the matter said, seeking to modernize its consumer businesses as retail giants like Amazon.com Inc. and billionaire Mukesh Ambani pile into the country’s fledgling e-commerce market.
  • The group plans to bring together digital assets across various Tata businesses to create the new entity.
  • Tata Steel Ltd’.s group net debt was at $14 billion as of June 30, while the net automotive debt of Tata Motors Ltd., which owns Jaguar Land Rover, was around 480 billion rupees ($6.5 billion).