Tata Trent awaiting regulatory nod for JV with Tesco: Noel Tata

Mar 10 2014, 21:01 IST
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Tesco is the first global retailer to apply for multi-brand retailing after India allowed 51% FDI in the segment in September 2012. Tesco is the first global retailer to apply for multi-brand retailing after India allowed 51% FDI in the segment in September 2012.
SummaryTata Trent, UK-based Tesco have already received FIPB approval to open multi-brand retail stores.

the receipt of the first tranche by Trent Hypermarket Ltd.

After the final approval, Tesco will pick up 50 per cent stake in Trent Hypermarket Ltd.

Tesco is the first global retailer to apply for multi-brand retailing after the government allowed 51 per cent FDI in the segment in September 2012.

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