Tata Trent | Pixr8 News

Tata group's retail chain Trent Ltd will acquire 51 per cent stake in Booker India Pvt Ltd (BIPL) in a cash deal of around Rs 22 crore, a regulatory filing said. Trent in the filing to BSE on Tuesday said the acquisition would help in business expansion by adding six additional stores. "It is informed that the Company has agreed to acquire 51 per cent of the share capital of BIPL, for a consideration of Rs 22 Crores approximately. BIPL operations involve 6 stores," Trent said. BIPL operates five stores while its wholly-owned subsidiary Booker Satnam Wholesale operates one store. The company expects to complete the transaction by the end of October this year. BIPL had a turnover of Rs 238 crore for the financial year ended on March 31, 2019 and Rs 43 crore of Booker Satn...

Mukesh Ambani's Reliance Retail has become the first retailer in India to cross the $10 billion sales mark after doubling its revenue during the year that ended in March. The firm's previous year's revenue currently stands at ₹69,198 crore, which is the combined total of revenue from rival firms like Avenue Supermarket, Future Group, Tata Trent and Shoppers Stop. However, since Reliance also deals in fuel retailing business, its number cannot be directly compared with contenders that run food and grocery supermarkets and lifestyle department stores. Mukesh Ambani, Chairman of Reliance Industries said while interacting with the media, We have established strong foundations in retailing and digital services business with world-class supply chain management and network inf...

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Reliance Retail achieve $10 Billion Sales Mark