Trent has extended its gains, for the second consecutive day, after Tesco Plc, British multinational grocery and general merchandise retailer, announced a joint venture with Tata Group's Trent.
Tesco Plc is the first foreign supermarket chain to invest in India.
Following the announcement and receipt of requisite approvals, Tesco has completed the establishment of a 50:50 joint venture with Trent.
Also Read
Meanwhile, Trent is working with Tata for the past 5 years and is supporting the development of Star Bazaar and Star Daily multi-brand retail stores via the provision of wholesale and franchise agreements, Tesco said in a release to the BSE.
Trent has surged 5% to Rs 1104 on the BSE. The stock opened at Rs 1068, touched a high of Rs 1116 and a low of Rs 1060 on the BSE thus far. A total of 22,136 shares were traded on both the stock exchanges so far.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%