Arisaig Partners hikes stake in Trent to 7.52%

Based on the closing price of Trent’s scrip of Rs 910.90 per share on May 22,the acquisition is estimated to be worth Rs 51 crore.

Trent Ltd’s scrip closed at Rs 903.60 per share,down 0.80 per cent from the previous close on the BSE.

Arisaig Partners had earlier this month acquired additional 2.11 per cent stake in another retail company Pantaloon Retail India Limited (PRIL) through open market transaction.

PRIL had informed BSE that Arisaig Partners had purchased 43,717,86 shares increasing its stake from 5.04 per cent to 7.15 per cent in the company.

Headquartered at Singapore,Arisaig Partners has offices in Hong Kong,Mumbai,Cape Town,Rio de Janeiro and the United Kingdom.