Held on 21 March 2014
The Board of Directors of Trent (Company) in its meeting held on 21 March 2014, have approved definitive agreements regarding investment by Tesco PLC (Tesco), UK in Trent Hypermarket (THL), wholly owned subsidiary of Trent.The agreement envisages that Tesco Overseas Investment, a wholly owned subsidiary of Tesco would purchase part of the equity shares currently held by the Company in THL for an amount of approx. Rs 150 crore and would separately subscribe to additional THL equity shares for an amount of approx. Rs 700 crore.
Following the conclusion of the proposed investment, the Company and Tesco Overseas will each hold a 50% stake in THL.
Powered by Capital Market - Live News
