Picture courtesy www.indiaretailing.com
Mumbai: Tata Group is in advanced talks to acquire 80% stake in popular Indian online grocer BigBasket.
According to a reliable source familiar with the development, the proposed deal is worth $1.3 billion, which will value the Alibaba Group-backed e-grocer at $1.6 billion, Bloomberg reports.
Alibaba currently owns 29% in BigBasket.
There was no confirmation from either party.
Tata Sons Chairman N Chandrasekaran had earlier revealed that the company is building a super-app.
Dubai: The eyes of the cricketing world were focused on Dubai as India and Pakistan… Read More
Cuttack: Pankaj Lochan Mohanty on Sunday assumed charge as president of Odisha Cricket Association (OCA). Mohanty,… Read More
Kolkata: The Railway Protection Force (RPF) of Eastern Railway (ER) claimed to have seized foreign… Read More
Bhubaneswar: Newly-appointed Odisha Congress president Bhakta Charan Das underwent a successful surgery for an injury… Read More
Bhubaneswar: Thunderstorm activity with lightning, gusty surface wind and hail may continue in Odisha till… Read More
Bhadrak: Police busted a sex racket operating from a hotel in Odisha's Bhadrak district late… Read More
This website uses cookies.
