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On January 3, 2007, Aditya Birla sell (AB Retail), an unlisted subsidiary of the Aditya Birla Group, acquired a absolute majority stake in Trinethra Super Retail Limited (Trinethra), home run the Groups entry into the Indian retail sector. AB Retail acquired 90% of the shareholding in Trinethra. The other 10% remained with India Value Limited, a mysterious equity investment fund that had been the majority shareholder in Trinethra before the acquisition. The financial aspects of the deal were not disclosed, still analysts estimated the cost of the acquisition to be around Rs. 3.4 billion (approximately $76.7 million).1 The Aditya Birla Group, founded in the primeval 1840s by Seth Shiv Narayan Birla, was one of Indias biggest business houses. It was initially set up for cotton trading in Rajasthan, just diversified into several other businesses over the years. By the early 2000s, the Group was one of Asias most diversified business groups, manufacturing aluminum, cement, copper, speed of light black, viscose staple fiber, palm oil, insulators and garments. It also had interests in financial services, telecom, software, and BPO operations. In 2006, the Group had revenue of $9.7 billion and a merchandise capitalization of $15 billion.

2 The Aditya Birla Group had set up AB Retail in early 2007 to capitalize on the promptly growing retail sector in India. Trinethra was started as a partnership firm in 1986. It was converted into a private limited ships company in 1990, and later into a humans limited company in 1998 as Trinethra Super merchandise Limited. In 2003, the observe of the company was changed to Trinethra Super Retail Limited. As of January 2007, Trinethra operated more than 170 stores in Andhra Pradesh, Karnataka, Tamil Nadu and Kerala.3 The stores operated under the Trinethra name in Andhra Pradesh and Tamil Nadu and under the Fabmall name in Kerala and Karnataka. The company had a total turnover of Rs 2.4 billion (approximately $54.4 million) in 2006.4 Trinethra was... If you indigence to get a full essay, order it on our website: Orderessay

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