Tata Group and Xander team up for retail expansion

The Tata Group announced that it had tied up with private equity investor Xander, to develop its real estate properties for retail ventures. India's second largest business company, The Tata group has teamed up with Xander to facilitate fast growth. The agreement between the two companies states that Trent, which is Tata's retail division, will hold the rights to anchor tenancy and will manage it's portfolio with Xander. The company released a statement that stated, “The arrangement will be of considerable help to the company in its growth plans in the retail sector, including in the current formats like Westside, Landmark and Star India Bazaar.”