Tata Group-Backed Multibagger Stock: Company Entered Into A Share Purchase Agreement To Acquire THPL Support Services Ltd
The stock has delivered a remarkable 3-year multibagger returns of 315 per cent with a PE ratio of 124.
Trent Limited, a prominent player in the retail sector, has announced a strategic acquisition through its subsidiary, Booker India Limited. On 19th March 2025, Booker India entered into a Share Purchase Agreement to acquire 100 per cent equity of THPL Support Services Limited (TSSL) from Trent Hypermarket Private Limited. TSSL, engaged in warehousing and related services, reported a turnover of Rs 42.35 crore as of March 31, 2024.
This acquisition, classified as a related party transaction, aims to reorganize and consolidate related businesses within the group. The transaction is valued at Rs 166.36 crore and is expected to be completed by 31st March 2025. Trent Limited, part of the Tata Group, operates over 875 stores across various retail formats, including Westside and Zudio, contributing significantly to its revenue. The acquisition aligns with Trent's strategy to streamline operations and enhance its market presence in the retail sector.
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Today, the stock price of Trent Limited stands at Rs 5,274.55 per share, up 0.90 per cent. The stock has a 52-week high of Rs 8,345.85 and a 52-week low of Rs 3,801.05.
Trent Limited, a key entity within the Tata Group, is a leading retailer in India, offering a diverse range of products across apparel, footwear, accessories, and groceries. The company operates through various retail formats, including Westside, Zudio, and Star, with a significant presence across major Indian cities. In FY24, Trent achieved a 50 per cent year-on-year revenue growth, driven by the expansion of Zudio stores and strong same-store sales. Despite challenges in non-apparel segments like Landmark and Booker India, the company has shown improvement in reducing losses. With strategic alliances such as Zara and Massimo Dutti, Trent continues to strengthen its market position. The acquisition of THPL Support Services Limited is expected to further consolidate its operations, enhancing efficiency and market reach.
Trent Limited boasts a market capitalization of over Rs 1.8 lakh crores, reflecting its strong position in the market. The stock has delivered a remarkable 3-year multibagger returns of 315 per cent with a PE ratio of 124.
Disclaimer: The article is for informational purposes only and not investment advice.