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Trent shares gain after panel approves Tesco deal

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Reuters MUMBAI
Last Updated : Dec 31 2013 | 11:45 AM IST

MUMBAI (Reuters) - Shares in supermarket chain Trent rose 2.14 percent a day after the foreign investment regulator approved a $110 million investment plan by Britain's Tesco.

Tesco this month took the initial steps to becoming the first foreign company to set up a chain of supermarkets in India's $500 billion retail sector after announcing it had applied to buy a 50 percent stake in Tata Group's Trent Hypermarket.

(Reporting by Himank Sharma; Editing by Anupama Dwivedi)

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First Published: Dec 31 2013 | 11:42 AM IST

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