The Tata Group is reportedly in final stages of negotiation to buy an 80 percent controlling stake in Big Basket. According to reports, the deal will value the e-grocer at $1.6 billion. Given the salt-to-software conglomerate’s patchy track record in making acquisitions work, Big Basket’s losses, and the hyper competition in this segment does this deal make sense for the Tatas? We believe it does. First, e-commerce is one of the fastest growing distribution channels for packaged consumer goods, thanks partly...
Moneycontrol Pro Panorama | Heading towards capitulation?
Sep 27, 2022 / 02:19 PM IST
In today’s edition of Moneycontrol Pro Panorama: New opportunities and challenges for solar sector, slow GDP likely in India's future, online gaming ecosystem in trouble, what's driving the SME IPO frenzy, and moreRead Now
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