Mumbai: Trent has expanded its increases, for the second successive day, after Tesco Plc, British multinational grocery & general merchandise retailer, declared a joint venture with Tata Group’s Trent.
Tesco Plc is the 1st foreign supermarket chain to spend in India.
Following the announcement & receipt of required approvals, Tesco has completed the organization of a 50: 50 joint venture with Trent.
For now, Trent is working with Tata for the past 5 years & is supporting the development of Star Bazaar & Star Daily multi-brand retail stores through the supply of wholesale & franchise contracts, Tesco said in a launch to the BSE.
Trent has increased 5% to Rs 1104 on the BSE. The share opened at Rs 1068, affected a high of Rs 1116 & a low of Rs 1060 on the BSE therefore far. A total of 22,136 stocks were traded on both the share deals so far.
EPC World News Bureau
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