[ad_1]
Tata Group’s Trent on Tuesday integrated a new firm Trent MAS Trend as a 50:50 joint enterprise with Singapore-based mostly MAS Amity, it claimed in an exchange submitting. The new entity will focus on the business enterprise of planning, building and manufacturing personal apparel and other connected goods in India.
Both equally the companies, Trent and MAS Amity, have subscribed equally to 5 lakh equity shares of the new entity at a experience value of Rs 10 every, amounting to a full of Rs 50 lakh, Trent claimed in the exchange submitting.
The joint enterprise enterprise has an authorised share funds of Rs 1 crore, which is divided into 10 lakh fairness shares of the corporation, with each individual share obtaining a value of Re 1.
The collaboration between Trent and MAS is aimed at deepening Trent’s potential to present entirely owned makes at its retail stores, alongside with aiding MAS to broaden its worldwide presence.
[ad_2]
Source connection
