Tata seeks CCI nod to acquire up to 64.3% stake in BigBasket

The deal, if approved, would put Tata in direct competition with Amazon, Walmart's Flipkart

Indian conglomerate Tata Sons plans to buy a majority stake in Alibaba-backed online grocery seller BigBasket, a filing with the country's antitrust body showed on Friday.

The deal, if approved, would put Tata - a more than 150-year-old group with interests in everything from luxury cars to software - in direct competition with Amazon, Walmart's Flipkart and an upstart grocery service from Reliance Industries, backed by billionaire Mukesh Ambani.

In the filing with the Competition Commission of India, Tata Digital Ltd, a wholly owned unit of Tata Sons, proposed to buy 64.3 per cent of an entity that