Aditya Birla Group acquires out Trinethra

Another major event in the retail world of India. The Hindu Business Line reports that The Aditya Birla Group has bought the controlling stake in Trinethra Super Retail Ltd, which has over 100 food and grocery retail stores in south India. Trinethra recorded a turnover of Rs. 170 crore and has 83 stores in Andhra Pradhesh, 26 in Bangalore, where it operates under the Fabmall name, and 15 in Chennai. A few new stores are also coming up in Kerala and other smaller Tier II cities in south India.