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Trent Ltd Announces Acquisition Of Landmark Ltd From TVS Shriram Growth Fund I

Monday, 18 Feb 2013 06:48am EST 

Trent Ltd announced that the Board of Directors of the Company at its meeting held on February 18, 2013, have approved to purchase from TVS Shriram Growth Fund I (the Fund) its entire shareholding of 1,825,074 Equity Shares of INR10 each of Landmark Ltd., a subsidiary of the Company for a consideration of INR840 million. Further, it has been agreed between the parties that the Fund would retain an option to invest in a minority stake in Westland Limited (also a subsidiary of the Company) at a future date. 

Company Quote

10.85 +0.79%
6:17am EDT