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CCI approves Tatas’ proposal to acquire majority stake in BigBasket

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CCI approves Tatas’ proposal to acquire majority stake in BigBasket

The transaction, valued at close to $1.2 billion, would value BigBasket at an estimated $1.5 billion. The deal paves the way for the Tatas to create a super app, that is a service through which a company aims to bring all its consumer offerings on a single platform.