Shopper's Stop logo

SHOPERSTOP - Shopper's Stop News Story

₹168.9 0.5  0.3%

Last Trade - 10:59am

Sector
Consumer Cyclicals
Size
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. 
 
 (abhishek.vishnoi@thomsonreuters.com /; 
abhishek.vishnoi.thomsonreuters.com@reuters.net)
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.