Tata close to announcing big investment deals in BigBasket, 1mg
Synopsis The cash infusion is part of a $1.2 billion Tata-BigBasket deal, which will see the conglomerate acquire 60% stake in the online grocery firm. Tata Group is also close to finalising a $200-250 million investment in e-pharmacy 1mg. ETtech Tata Group is taking the acquisitions route to boost its super app plan. (Illustration: Rahul Awasthi/ETtech) Mumbai | Bengaluru: The Tata Group has finalised a $200-250 million primary cash infusion in BigBasket as part of its larger deal to acquire a majority stake in India’s biggest online grocery company, said people with knowledge of the matte...