Arisaig India acquires stake in Trent

Arisaig India Fund bought 4.37 lakh shares of Tata group

firm Trent. The investor purchased the shares for Rs 1,016 per piece amounting to a total of over Rs 44.44 crores. A large seller in the scrip was Birla Sun Life, which offloaded 1,86,972 shares for a price of Rs 1,017 a piece amounting to Rs 19.01 crores.

Arisaig India Fund is a registered Singapore headquartered FII and part of Arisaig Partners, that has an exclusive focus on domestic consumer sectors in countries like Singapore, India, China, South Africa, Brazil and UK. Last month, it bought 1.3 crore shares of Future Ventures India for Rs 13.73 crores. Last year, it added Pantaloon Retail’s stake by buying additional 2.11 per cent.

Investor TVS Capital exited Trent in February by selling its 25 percent for Rs 84 crores post tax back to the promoters. TVS had invested Rs 65 crores in Landmark in November 2009. Trent owns 'Westside' (lifestyle stores), a chain of department stores across India and is also increasing its foothold in hypermarket space through its 'Star India Bazaar' format (value store). Trent is also into books and music retailing space through its subsidiary Landmark.