China's Alibaba <9988.HK>, which holds around 26% stake in BigBasket, is expected to sell its entire shareholding in the company, the Economic Times reported.
"While the talks have been ongoing for some time, it is still work-in-progress as far as the specifics go. It may eventually not lead to a transaction at all," the newspaper cited one of the sources.
(Reporting by Chandini Monnappa in Bengaluru, Editing by Sherry Jacob-Phillips)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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