Trent has received an approval for entering into definitive agreement with Trent Hypermarket (THPL), a Joint Venture of the company, for acquiring their value fashion apparel business. The value fashion business presents significant synergies with the existing apparel business of the company. The board of directors at its meeting held on July 19, 2017 approved for the same.
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.