PremjiInvest invests $24m in India’s Trent
PremjiInvest, the private equity vehicle backed by Wipro Group chairman Azim Premji, has channeled INR1.2 billion ($24 million) into Trent, the retail arm of Indian conglomerate Tata Group.
The investment was made via the qualified institutional placement carried out by the company, in which PremjiInvest acquired almost half the 2.74 million shares on offer. It injected the capital via its...
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