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Tata, Reliance, Adani! Big corporates in an aggressive acquisition spree

Tata, Reliance, Adani! Big corporates in an aggressive acquisition spree Tata Sons has agreed to acquire control of India s largest online grocer BigBasket; Reliance Industries recently acquired additional equity stake in the US-based technology company skyTran Inc Nevin John | March 15, 2021 | Updated 21:37 IST Indian conglomerates are in a race to acquire assets for building comprehensive business ecosystem around each business that they are in. Tata Group, Reliance Industries (RIL), Aditya Birla, Adani, JSW and Vedanta are among those acquiring smaller companies, including start-ups, to fill gaps in their portfolios. Tata Sons has agreed to acquire control of India s largest online grocer BigBasket, in a deal valued at more than $1 billion. Tata Digital, the newly floated subsidiary which is building Super App, looks to strengthen its e-tail portfolio through the acquisition. The salt-to-aviation conglomerate is also in talks with Just Dial, the 24-year old local discovery p

Tata, Reliance, Adani! Big corporates in an aggressive acquisition spree