Tata may buy majority stake in Alibaba-backed BigBasket

Tata Group may buy majority stake of upto 80 per cent in India’s online grocery store BigBasket which is currently backed by China’s Alibaba Group Holding Ltd. According to Bloomberg, Tata, which is in talks to buy majority stake in BigBasket may value at $1.6 billion while Mint reported that it can buy upto 80 per cent stake in online grocery store.