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Govt to sell stake in Tata Comm

Read more about Govt to sell stake in Tata Comm on Business Standard. The Government of India will sell its entire stake in Tata Communications through an offer for sale and the rest to Tata Son s investment arm Panatone Finvest. ....

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Tata's tryst with e-grocery starts with a billion dollar acquisition of BigBasket – here's why it could be a sweet deal for both

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Tata’s tryst with e-grocery starts with a billion dollar acquisition of BigBasket – here’s why it could be a sweet deal for both
Tata’s tryst with e-grocery starts with a billion dollar acquisition of BigBasket – here’s why it could be a sweet deal for both
Sanchita DashMar 13, 2021, 10:01 IST
BI India/BCCL
Tata Digital, a subsidiary of the Tata Group, moved the Competition Commission of India for an approval of its stake in BigBasket.
Tata is set to acquire a 64.3% stake in the grocery unicorn.
Here’s a deep dive into the deal and why the 152-year old conglomerate is interested in the 10-year old startup.The Tata Group has reportedly acquired a 64.3% stake in Indian grocery unicorn BigBasket. The deal which would cost the 152-year old conglomerate as much as $1.3 billion has been many months in the making, with the Tatas inherent wish to become a majority player in the Indian e-commerce market. ....

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Govt. of divest its entire stake in Tata Communications

The details of the said agreement required are as below:
(i) As on date, the Government of India (Government) holds 7,44,46,885 equity shares of the Company representing 26.12% of the total paid up equity share capital of the Company.
As on date, Panatone Finvest (Panatone) and Tata Sons hold 34.80% and 14.07% respectively aggregating to 48.87% of the total paid up equity share capital of the Company.
As on date, Government, Panatone and Tata Sons are the promoters of the Company.
(ii) As an initial step, the Government will sell up to 4,59,46,885 equity shares forming 16.12% equity shareholding of the Company through an Offer for Sale (OFS) through the stock Exchange Mechanism. ....

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Nightmarish Tata Tiago booking experience at Wasan Motors, Mumbai

TLDR: Rant about nightmarish experience of a failed Tata car purchase
Being an owner of Tiago 2019, I suggested the same for one of my friend. This turned out to be a colossal mistake.
We booked the car in first week of January at Wasan Motors Pvt Ltd Chembur. It was made clear to them that the car had to be delivered in first half of February, which was required by my friend s employer. The sales person Mr N and Ms S, promised to deliver the car in 4-5 weeks. However from more than a month, they are lying through their teeth. Every time we enquire about the car, they have the same reason that Tata is not allotting any Tiago due to shortage in some electronic chips. This is entirely incorrect because the shortage is their from last one year, not something new. They should have known the status in January itself. ....

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Tata Digital To Acquire Majority Stake In Online Grocery Major BigBasket, Seeks CCI Approval

Tata has said that the proposed transaction will not r cause any appreciable adverse effect on competition in India. ....

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