Fair trade regulator CCI has cleared British retailer Tesco’s purchase of a 50 percent stake in Tata Group firm Trent Hypermarket, the first FDI transaction in multi-brand retail since the sector was opened up in 2012, according to PTI.
Approving...
Tata group's Trent, which formed a venture for multi-brand retail with Tesco, is contemplating launching different formats, including mid-sized stores, for 'Star Bazaar' to achieve profitability at a faster pace, as per a PTI report.
Noel Tata, Chairman, Trent said...