Tata Sons arm to acquire majority stake in Tejas Networks
Sanjay Nayak will continue as Managing Director and Chief Executive Officer to lead Tejas Networks
Sanjay Nayak will continue as Managing Director and Chief Executive Officer to lead Tejas Networks
The Tata Group already has an established grip in the traditional grocery market.
The $514-billion Walmart acquired majority stake (77 per cent) in the city-based Flipkart on 9 May 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.
