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Tatas, private equity investors in talks with BigBasket for stake buy

Firm continues to see huge traction as it enters year-end sale period

Topics
Tata group | Private equity | BigBasket

Bibhu Ranjan Mishra &  Shally Mohile  |  Bengaluru/Mumbai 



retail stores
The report on Tata Group’s plan to invest in BigBasket comes amid the conglomerate looking to bolster its digital presence

Tata Group, along with a couple of other investors, is in talks to invest money in Bengaluru-headquartered online grocery firm BigBasket, said reports. According to Financial Times, the Mumbai-headquartered automobile-to-technology conglomerate is looking at 20 per cent stake in the Alibaba-backed firm, apart from two board seats. A decision on this deal will be taken by the end of October, according to a report that cited a person in the know.

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First Published: Wed, October 14 2020. 23:26 IST

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