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Tata Group evaluates M&A opportunities to scale up Ecommerce play

Tata Group evaluates M&A opportunities to scale up Ecommerce play
Tata Group evaluates M&A opportunities to scale up Ecommerce play
The conglomerate is looking to scale its presence in online delivery and consumer space as it seeks growth and scale through the inorganic route, officials said.

Synopsis

People familiar with the talks said the salt-to-information technology conglomerate has held initial discussions with online marketplace Snapdeal, publicly traded business-to-business etailer IndiaMART and egrocer BigBasket with the intention of picking up stakes and bulk up its digital presence.

Mumbai: The Tata group has begun actively evaluating M&A opportunities and strategic tie-ups in the ecommerce, retail and consumer segments, multiple people aware of the matter said.People familiar with the talks said the salt-to-information technology conglomerate has held initial discussions with online marketplace Snapdeal, publicly traded business-to-business etailer IndiaMART and egrocer BigBasket with the intention of picking up stakes
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