TATA GROUP NOW ACQUIRES 65 PERCENT STAKE IN THIS COMPANY, DEALS FOR Rs. 12 CRORES

The Tata group has signed a deal to buy a 65 percent stake in another e-company.  This company is e-pharma startup company One MG.  The group also acquired a 64 percent stake in the online grocery mart Big Basket.

The Tata group is increasingly moving towards the e-commerce market. Under this, the Tata group has signed a deal to buy a 65 percent stake in another e-company. This company is e-pharma startup company One MG. This company sells drugs online. For this deal, the Tata group finalized the deal to One-MG at Rs 1200 crore. However, no official information has been provided by the Tata group in this regard.

Let us tell you that the e-pharma company, One-MG was founded by Prashant Tandon, Vikas Chauhan and Gaurav Aggarwal. But in the year 2015, the company disbanded and became a separate company by the name of Healthkart. According to sources, the co-founders of the company are currently Prashant Tandon and Gaurav Aggarwal who are operating and leading the One MG company. The company has traded over $ 200 million so far. But after this deal, the Tata group has become the legal leader of the One-MG Group.

It may be recalled that earlier the Tata group had also acquired a 64 percent stake in the online grocery mart Big Basket. An agreement was reached for this for $ 1.2 billion. The acquisition was approved by the Competition Commission of India two weeks ago. Tata Digital of the Tata group has started work on building a super app. Through which One MG and Big Basket will operate. In this one super app, all kinds of services including grocery items, food items, medicines, skin care, health care, consumer durables, jewelery, finance services, air tickets will be available from the same app.

Apart from this, the company's domestic products like Voltas, Trent, Titan's products will also be sold in this app. Earlier, in September 2020, Mukesh Ambani's Reliance Industries bought a 60 percent stake in Net Medus, an e-pharma company, for about Rs 620 crore. With this deal, Net Meds will now operate through Reliance Company's Jio Mart. Tata is the second group after Reliance Industries to offer facilities such as online grocery stores, online pharmacy with one app. After which both companies will compete with Amazon.

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