MUMBAI (Reuters) - Shares in supermarket chain Trent(TREN.NS) rose 2.14 percent a day after the foreign investment regulator approved a $110 million investment plan by Britain’s Tesco(TSCO.L).
A worker arranges food packets inside a retail store in Kolkata October 24, 2013. REUTERS/Rupak De Chowdhuri/Files
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