Tata may tie up BigBasket

The Tata Group is in talks to tie up with online groceries unicorn BigBasket, Financial Times has reported. A decision would be taken on the deal by the end of October. The coffee-to-cars conglomerate could be eyeing a 20 per cent stake and two board seats in the potential deal, the report further stated. Backed by Alibaba, BigBasket gained traction on the back of the ongoing Covid-19 pandemic as consumers purchase groceries and everyday essentials online.

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