Trent Limited's subsidiary, Booker India Limited, is set to acquire a 100% stake in THPL Support Services Limited for ₹166.36 Crore to enhance its logistics operations.
Target Information
Tata Group’s retail subsidiary, Trent Limited, has announced that its subsidiary, Booker India Limited, has entered into a share purchase agreement to acquire 100% of THPL Support Services Limited (TSSL). This acquisition from Trent Hypermarket Private Limited (THPL) represents a strategic effort to reorganize and consolidate related businesses within the Tata Group. The total acquisition value is approximately ₹166.36 Crore.
TSSL, established in June 1992, operates in the warehousing and related services sector, achieving a turnover of ₹42.35 Crore as of March 31, 2024. This acquisition is categorized as a related-party transaction and was conducted at arm's length, ensuring that there are no direct interests from the promoter group, aside from their indirect shareholding.
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Industry Overview
The warehousing and logistics industry in India has seen significant growth owing to an expanding e-commerce sector and improvements in supply chain management. The Indian market for logistics is projected to continue evolving ra
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Disclosed details
Transaction Size: $20M
Revenue: $5M