Inditex to increase stake in Zara joint venture with Trent
after close1 source ↓written by the desknot a recommendation
- following
- 65% to 80%
- buyback offer
- ₹146 cr
- The buyback involves
- 94,900 equity shares
- per share
- ₹15,421.85
Inditex plans to raise its stake in the Zara joint venture with Trent from 65% to 80% following a ₹146 cr buyback offer. The buyback involves 94,900 equity shares at ₹15,421.85 per share. This move strengthens Inditex's foothold in India’s retail market, potentially impacting Trent's shareholding structure.
Not investment advice. For informational purposes only.