UK-based Tesco has completed purchase of part of the equity shares held by Trent in its wholly-owned subsidiary Trent Hypermarkets (THL) and subscribed for additional THL’s equity shares. Consequently, Trent and Tesco will each hold a 50% stake in THL.
Trent is part of the Tata Group and is engaged in business of retailing. Trent acquired 76% stake in Landmark, one of the largest books and music retail chains in the India.
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