 "Tata Group")
The Tata Group is finally on its way to making an entry into the Indian online grocery segment. The Competition Commission of India (CCI) today permitted Tata Digital to acquire a majority stake in online grocery player BigBasket.
The CCI has allowed Tata Digital, a wholly owned subsidiary of Tata Sons, to acquire up to 64.3 per cent of the total share capital of Supermarket Grocery Supplies Private Ltd (SGS) and also be the sole control over Innovative Retail Concepts Private Ltd, which operates BigBasket’s online retail business.
With this approval Tata Digital will give exit to investors Alibaba that holds around
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