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Trent inks pact to acquire 100% stake in CWDL

31 Jul 2020 Evaluate

Trent has entered into a definitive agreement to acquire 100% of the share capital of Common Wealth Developers (CWDL). The transaction is expected to be completed on or before August 15, 2020. CWDL owns certain valuable real estate and other assets. CWDL is a subsidiary of Trent Hypermarket, a Joint Venture Company.

Trent is part of the Tata Group and is engaged in business of retailing.

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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