Question – Recently, the Tata group has decided to buy what percentage stake in the online grocery store company Big Basket?
(a) 75 percent
(b) 50 percent
(c) 80 percent
(d) 68 percent
Answer – (d)
Related facts
- Recently(March 2021), the Tata group has decided to buy 68 percent stake in the online grocery store company Big Basket.
- The estimated cost of this deal is rs 9,300-9,500 crore.
- It will be the one of the largest M&A deals in the startup ecosystem.
- Other competitors of the tata group in this deal are Alibaba, Abraaj Group and IFC.
- All the parties are awaiting approval from the Competition Commission of India (CCI).
- About BigBasket
- BigBasket rimarily delivers grocery goods found in convenience stores, home essentials and food supplies to its customers.
- BigBasket was founded in December 2011 and has its headquarters in Bangalore, India.