Arisaig India Fund has acquired an additional 2.36 percent stake in Tata's retail arm Trent, taking the fund's total stake in the company to 9.88 percent. Arisaig India has bought 12 lakh shares of Trent which owns the Westside and Star Bazaar chain of stores. The estimated cost of acquisition is worth Rs 116.2 crore.
Arisaig India Fund is a registered Singapore headquartered FII and part of Arisaig Partners, that has an exclusive focus on domestic consumer sectors in countries like Singapore, India, China, South Africa, Brazil and UK.
In July, Arisaig Partners picked up a 3.47 percent stake in McDonald's franchisee Westlife Development for R180 crore. The fund also bought 1.3 crore shares of Future Ventures India for R13.73 crore, earlier this year.