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Tata Digital buys majority stake worth $1.31 bn in online grocer BigBasket

India's antitrust body had in March approved the acquisition of up to a 64.3% stake in BigBasket by Tata Digital

Topics
BigBasket | Tata Sons | Alibaba

Reuters  |  BENGALURU 

BENGALURU (Reuters) -Tata Sons has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon.com Inc, Walmart's Flipkart and Reliance Industries. The stake was bought by Tata Digital Limited, a unit of Tata Sons. Tata on Friday declined to give further details on the deal, while BigBasket did not immediately respond to a Reuters request for comment. India's antitrust body had in March approved the acquisition of up to a 64.3% stake in BigBasket by Tata Digital. Media reports have said ...

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First Published: Fri, May 28 2021. 12:13 IST
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