–India’s Tata Group is in talks to aquire about an 80% stake in Alibaba-backed on-line grocer BigBasket for round $1.three billion, Mint stories, citing three individuals with direct information of the matter.
–The Tatas and BigBasket, India’s largest on-line grocer, have agreed on a construction for a deal, which can possible be introduced within the coming weeks, one of many individuals mentioned.
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(END) Dow Jones Newswires