BRIEF-Tesco enters into 50:50 JV with Tata's Trent Ltd in India

March 21 Fri Mar 21, 2014 7:40am EDT

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March 21 (Reuters) - Tesco PLC : * Tesco confirms joint venture with tata in India * Tesco has today entered into an agreement with Trent Limited, part of the Tata Group, to form a 50:50 joint venture * Completion of this transaction is subject to other necessary approvals. * Tesco's investment will be around 85 mln stg * On completion of the transaction THL will operate 12 stores retailing a range of merchandise * Source text for Eikon: * For more news, please click here