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

Company to acquire 64.3 per cent stake in Supermarket Grocery


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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