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SHOPERSTOP - Shopper's Stop News Story

₹168.9 0.5  0.3%

Last Trade - 10:59am

Consumer Cyclicals
Small Cap
Market Cap £156.3m
Enterprise Value £367.0m
Revenue £279.2m
Position in Universe 590th / 3004

MARKET EYE-India retail stocks gain on Tesco's investment plans

Wed 18th December, 2013 4:32am
* Shares of Indian retailers gain after Tesco Plc  TSCO.L  said 
on Tuesday it had applied to buy a 50 percent stake in Trent 
Hypermarket Ltd, a unit of Tata Group's Trent Ltd  TREN.NS . 
* Dealers say Tesco's investment in Trent is raising hopes that 
there will be other buyouts and deals in India's $500 billion 
retail sector. 
* Tesco, the world's third-largest retailer, which already has a 
franchise agreement to provide support to Trent's Star Bazaar 
chain, has made an application to India's Foreign Investment 
Promotion Board and plans to invest $110 million, an official at 
the Indian trade ministry said.  ID:nL3N0JW2G2  
* Trent Ltd  TREN.NS  surges 12.4 percent, Future Retail Ltd 
 FURE.NS  is up 4.1 percent while Shopper's Stop Ltd  SHOP.NS  
gains 4.1 percent. 
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