TVS Capital Sells Landmark Stake Back to Trent (Asia)

Source: VCCircle

Trent, the retail arm of India’s Tata Group, is buying back the shares of its subsidiary Landmark, owned by Indian private equity firm TVS Capital, for INR840 million (approximately US$15.4 million). TVS Capital invested INR650 million (approximately US$11.9 million) in Landmark, a retailer of books, music and games, in 2009. Under the terms of the transaction, Trent is offering TVS Capital an opportunity to invest in Westland, a Trent subsidiary that is involved in the publication and distribution of fiction and nonfiction books, for a minority stake.