Ratan Tata may invest in e-tailer Snapdeal - Ratan Tata is said to be cons- Navbharat Times Photodhamal

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Ratan Tata is said to be considering a personal investment in Snapdeal, an e-commerce firm, at a time when online retail is generating investor euphoria on the back of exponential growth.

In This Pic : ratan tata

Pic Courtesy : BCCL

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In a move that would signal his interest in India's emerging consumer internet story, the 76-year-old chairman emeritus of Tata Sons may buy out an early investor in Snapdeal through a secondary sale, people familiar with the development said.

In This Pic : ratan tata

Pic Courtesy : BCCL

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Kunal Bahl, co-founder of Snapdeal, did not respond to TOI's query while an emailed questionnaire to Tata's office on Monday remained unanswered till the time of going to press on Tuesday.

In This Pic : Kunal Bahl

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The 76-year-old, who transformed India's largest private sector conglomerate with a string of marquee global acquisitions, is expected to be a minority investor in his personal capacity in the e-tailer. TOI could not ascertain the exact stake Tata would hold in Snapdeal if and when the transaction is completed.

In This Pic : ratan tata

Pic Courtesy : BCCL

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While his holding is unlikely to be high, its real significance would lie in the buzz it would create for the four-year-old firm. Tata has always had in interest in technology; even so, the deal, if it goes through, would mark the ultimate coming together of the old and new guard.

In This Pic : ratan tata

Pic Courtesy : BCCL