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Tesco Plc's subsidiary to purchase 50 pct stake in Trent Hypermarket Limited, a subsidiary of Trent Ltd

Friday, 21 Mar 2014 09:03am EDT 

Trent Ltd:Further to the announcement regarding investment by Tesco Plc, UK in Trent Hypermarket Limited, a subsidiary of the company.Says it has approved definitive agreements in this regard and is in the process of entering into the same.Agreement envisage that Tesco Overseas Investments Limited, a subsidiary of Tesco would purchase part of equity share currently held by the company in THL for about 1.50 bln Indian rupees and would subscribe to additional THL equity shares for about 7.50 bln Indian rupees.Following the proposed investment, the company and Tesco Overseas will each hold 50 pct stake in THL. 

Company Quote

-18.05 -1.56%
30 Apr 2015