Reuters logo
India's Trent shares gain after panel approves Tesco deal
December 31, 2013 / 4:57 AM / 4 years ago

India's Trent shares gain after panel approves Tesco deal

MUMBAI, Dec 31 (Reuters) - Shares in supermarket chain Trent Ltd rose 3.9 percent a day after India’s 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below