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Tata Group courts potential investors for new digital platform: Report

Discussions with potential investors are at a very early stage and there's no certainty they will result in a deal, people familiar with the matter said

Bombay House, the headquarters of the Tata group in Mumbai. Tata Sons said its board felt that the move to turn into a private limited firm was in its best interest
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Tata Group already has a bunch of entrenched consumer businesses, many of which also have an online presence

By Anto Antony, Saritha Rai and Baiju Kalesh | Bloomberg
India’s Tata Group is in talks with potential investors about taking stakes in a new digital platform, people familiar with the matter said, seeking to modernize its consumer businesses as retail giants like Amazon.com Inc. and billionaire Mukesh Ambani pile into the country’s fledgling e-commerce market.

Tata Sons Pvt., the holding company of the $113 billion coffee-to-cars conglomerate, is working with advisers to explore bringing in financial or strategic investors, including global technology companies, the people said, asking not to be identified as they aren’t authorized to speak to the media. The group plans to bring together digital assets across

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