Category Archives: Tata Trent

Multi-brand FDI in Retail: It’s a Yes! for Tesco

Finally, as 2014 rings in, its a good news for multi-brand retail FDI. Foreign Investment Promotion Board (FIPB) approves Tesco’s proposal to invest $110 million in Indian retail market in JV with Tata’s Trent Hypermarkets.

The approval makes Tesco the official first in the Indian retail market to set shop in JV with an Indian brand.

Tesco will own 50 per cent stake in Trent Supermarkets that currently runs 16 Star Bazaar hypermarts across Maharashtra, Karnataka, Gujarat, and Tamil Nadu. But Gujarat and Tamil Nadu not yet up for FDI, the current JV will focus on the stores in Maharashtra and Karnataka.

 

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Arisaig India buys 2.36% more stake in Tata Trent

Arisaig India Fund has further acquired 2.36 per cent additional stake in Tata’s retail arm, Trent. This acquisition takes the total stake of Arisaig in Trent to 9.88 per cent. The deal has been struck at a price of Rs 116.2 crore.

Under the deal Arisaig bought 12 lakh in Trent.

Arisaig has also invested in companies including Westlife Development, the McDonald’s franchisee.