Tata set to enter e-grocery with competition panel approval on Bigbasket

Company to acquire 64.3 per cent stake in Supermarket Grocery

Bigbasket
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Shivani Shinde Mumbai
Tata Group is on its way to making its entry into the Indian online grocery segment.
 
The Competition Commission of India (CCI) on Thursday approved Tata Digital, a wholly owned subsidiary of Tata Sons, acquiring a majority stake in online grocery player Bigbasket.
 
The CCI has allowed Tata Digital to ac­quire up to 64.3 per cent of the share capital of Supermarket Grocery Supplies (SGS) and also have sole control over Innovative Retail Concepts, which operates Big­bas­ket’s online retail business. With this approval Tata Digital will give exit to investors Alibaba that holds around 29 per cent stake

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First Published: Apr 30 2021 | 6:15 AM IST

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