"Trent Ltd has acquired 6.91 per cent equity shares of Fiora Services Ltd, subsidiary company, from Tata Investment Corporation Ltd in additional to its existing holding of 89.88 per cent," the company said in a BSE filing.
If further said: "Cost of acquisition is Rs 1.89 crore."
Post acquisition, Trent Ltd's stake in Fiora Services stands at 96.79 per cent.
Fiora Services provides business support services, including accounting, merchandising, human resources and payroll.