Tata Group to take Rs 9,500 crore stake in BigBasket: Report

2021-02-16 10:21:37

BENGALURU: Indian conglomerate Tata Group will buy a 68% stake in Alibaba-backed online grocery startup BigBasket for about Rs 9,500 crore ($1.31 billion), television channel ET now said on Tuesday.
Tata’s stake will translate into an enterpise value of Rs 13,500 crore for BigBasket, ET now said.
Tata and Bengaluru-based BigBasket did not immediately respond to Reuters’ request for comment.

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