Trent Limited enters into agreement with The Xander Group Inc

Trent Limited, a major Indian retailer has entered into an Agreement with The Xander Group Inc., a global private equity firm. The Xander Group Inc. will through one or more of its Fund vehicles invest in the development of an institutional retail real estate portfolio in India in partnership with high quality Indian developers. Trent would have anchor tenancy rights and obligations and would participate with Xander in the management of such portfolio and its growth.

The arrangement will be of considerable help to Trent in its growth plans in the retail sector, including through its current formats like Westside, Landmark and Star India Bazaar.

Trent Ltd stock closed the day at Rs.703.15, up by Rs.20.95 or 3.07%. The total traded quantity was 885 shares at an average price of Rs.694.51 resulting in a turnover of Rs.6.15 Lakhs. The stock hit an intraday high of Rs.720 and low of Rs.685.

Source : Equity Bulls

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