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Trent gains on hiking stake in Fiora Services to 96.79%

10 Mar 2016 Evaluate

Trent is currently trading at Rs. 1452.00, up by 6.70 points or 0.46% from its previous closing of Rs 1445.30 on the BSE.

The scrip opened at Rs. 1450.00 and has touched a high and low of Rs. 1481.35 and Rs. 1450.00 respectively. So far 84 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1771.00 on 01-Jan-2016 and a 52 week low of Rs. 1095.00 on 03-Jun-2015.

Last one week high and low of the scrip stood at Rs. 1544.50 and Rs. 1416.00 respectively. The current market cap of the company is Rs. 4825.24 crore.

The promoters holding in the company stood at 32.61% while Institutions and Non-Institutions held 42.36% and 25.03% respectively.

Trent has acquired 6.91% stake in Fiora Services, subsidiary company, from Tata Investment Corporation, for Rs 1.89 crore, in addition to its existing holding of 89.88%. Consequently, the company holds 96.79% stake in share capital of Fiora Services.

Fiora Services is engaged in providing business support services relating to accounting, merchandising, human resources, payroll etc.

Trent is part of the Tata Group and is engaged in business of retailing. Trent acquired 76% stake in Landmark, one of the largest books and music retail chains in the India.

Peers
Company Name CMP
Avenue Supermarts 3681.10
Trent 2731.00
Vishal Mega Mart 100.20
PN Gadgil Jewellers 611.55
Aditya Birla Life 83.02
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