Siddhartha Yog increases stake in Tata’s Trent Limited

International investor Siddhartha Yog has significantly increased his stake in Tata Group’s fashion and lifestyle business Trent Limited. Yog has acquired more than 10 lakh shares in Trent Limited for a transaction total of Rs 718 crore.

Siddhartha Yog’s backing of Trent Limited is part of the investor’s strategy to invest in businesses which show strong growth potential in the retail industry, Indian Retailer Bureau reported. The acquisition deal was carried out through an open market transaction and highlights Siddhartha Yog’s confidence in the future of Trent Limited.
 
As part of the deal, Siddhartha Yog purchased a total of 10.09 lakh shares in Trent Limited, priced at Rs 7,115 per share. The total transaction had a value of Rs 718.04 crore and amounts to a 0.3% stake in Trent Limited, according to data from the National Stock Exchange.
 
The shares were sold off by investor Dodona Holdings. Last month, Siddhartha Yog also purchased 9.48 lakh shares in Trent Limited’s fashion and lifestyle segment from the same business.
 
Siddhartha Yog is the founding partner of Xander Group Inc which manages global assets valued at more than $3 billon. Yog is also the founder and chairman of Virtuous Retail, which operates across India.