Entrepreneur Siddhartha Yog buys over one mn shares of Trent for Rs 718 cr

Global investor Siddhartha Yog on Monday acquired over 10 lakh shares worth Rs 718 crore of Tata Group retail firm Trent Ltd through an open market transaction.

Yog is the founding partner of Xander Group Inc, an emerging markets-focused investment firm that currently manages assets of more than USD 3 billion.

According to the block deal data available on the National Stock Exchange, Siddhartha Yog bought 10,09,200 shares, amounting to a 0.3 per cent stake in Trent.

The shares were purchased at an average price of Rs 7,115 apiece, taking the transaction value to Rs 718.04 crore.

The data showed that Dodona Holdings offloaded the same number of shares at Rs 7,115 apiece.

Shares of Trent fell 0.09 per cent to close at Rs 7,151.95 per piece on the NSE.

Last month, Siddhartha Yog acquired a total of 9.48 lakh shares or 0.27 per cent stake of fashion and lifestyle company Trent from Dodona Holdings Ltd through separate block deals for a combined value of Rs 649 crore.

The shares were