Tata's BigBasket play to fuel competition in e-grocery market

News of Tata Sons agreeing to acquire control of India’s largest online grocer BigBasket, in a deal valued at more than $1 billion, will heat up competition in the country’s food and grocery retail market that constitutes the largest chunk of domestic retail trade. On Saturday, Mint reported that Tata Sons’ digital services subsidiary Tata Digital Ltd has proposed to acquire up to 64.3% stake in Supermarket Grocery Supplies Pvt. Ltd (SGS), which sells products to commercial units through...
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