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Trent Limited ( (IN:TRENT) ) just unveiled an announcement.
Trent Limited announced that its subsidiary, Booker India Limited, has entered into a Share Purchase Agreement to acquire 100% of the equity share capital of THPL Support Services Limited (TSSL) from Trent Hypermarket Private Limited. This acquisition, valued at ₹166.36 crore, is a related party transaction conducted on an arm’s length basis and aims to reorganize and consolidate related businesses within the group. The acquisition is expected to be completed by March 31, 2025, and will strengthen Trent’s operations in the warehousing and related services sector.
More about Trent Limited
Trent Limited operates in the retail industry, focusing on hypermarkets and related services. Its subsidiary, Booker India Limited, is involved in strategic acquisitions to enhance its market positioning.
YTD Price Performance: -25.54%
Average Trading Volume: 35,194
Current Market Cap: 1870.7B INR
Learn more about TRENT stock on TipRanks’ Stock Analysis page.