Tatas eye up to 51% in Bigbasket

The Tata Group is exploring the acquisition of a large stake in Bigbasket in a deal which has the potential of being the biggest investment by a local conglomerate in a new-economy business. The salts-to-software conglomerate has discussed taking up to 51% stake in the grocery e-tailer. This will include a fresh capital infusion for business expansion besides the purchase of shares from existing shareholders

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