Trent Limited — JV/Acquisition, 01-12-2025: Amalgamation/Merger

Trent's step-down subsidiaries, Fiora Hypermarket (retail stores) and Fiora Online (e-commerce), have merged to consolidate retail operations and simplify the group structure. As of March 2025, Fiora Hypermarket had ₹228.87 Cr turnover and ₹63.95 Cr net worth, while Fiora Online reported ₹110.14 Cr turnover and a net worth of (₹12.46) Cr. The merger involves Fiora Online issuing 3,044,744 shares of ₹10 each to Fiora Hypermarket shareholders. This internal restructuring, effective December 1, 2025, does not impact Trent Limited's shareholding.