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Announced

Tata Digital to invest in 1MG Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

Friendly

India

Pending

Digital Services

eHealth

Domestic

Private

digital health platform

Majority

Synopsis

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Tata Digital, an IT service management company, agreed to invest in 1MG Technologies, a provider of online drugs distribution services. Financial terms were not disclosed. "The investment in 1MG strengthens Tata’s ability to provide superior customer experience and high-quality healthcare products & services in e-pharmacy and e-diagnostics space through a technology-led platform," Pratik Pal, Tata Digital CEO.

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