Trent shares gain after panel approves Tesco deal

MUMBAI (Reuters) - Shares in supermarket chain Trent rose 2.14 percent a day after the foreign investment regulator approved a $110 million investment plan by Britain's Tesco.

Tesco this month took the initial steps to becoming the first foreign company to set up a chain of supermarkets in India's $500 billion retail sector after announcing it had applied to buy a 50 percent stake in Tata Group's Trent Hypermarket.

(Reporting by Himank Sharma; Editing by Anupama Dwivedi)