Trent Limited announces the amalgamation of its step-down subsidiaries, Fiora Hypermarket Limited and Fiora Online Limited, effective December 1, 2025. The National Company Law Tribunal (NCLT) approved the scheme on November 17, 2025. This strategic move aims to consolidate retail operations and streamline the group structure, with Fiora Hypermarket and Fiora Online becoming a single entity under Booker India Limited.
Subsidiary Merger Approved
Trent Limited has announced the successful amalgamation of its two step-down subsidiaries: Fiora Hypermarket Limited and Fiora Online Limited. The merger was sanctioned by the National Company Law Tribunal (NCLT) with an order dated November 17, 2025.
Effective Date
The scheme officially came into effect on December 1, 2025, following the filing of the NCLT order with the Registrar of Companies.
Entities Involved
Fiora Hypermarket Limited and Fiora Online Limited, both wholly-owned subsidiaries of Booker India Limited, which itself is a subsidiary of Trent Limited, are now merged into a single entity.
Financial Overview of Merged Entities
Here’s a snapshot of the financials for both entities as of March 31, 2025 (in Lakhs):
| Particulars | Fiora Hypermarket Limited | Fiora Online Limited |
| Turnover | 22,886.84 | 11,014.46 |
| Net worth | 6,395.44 | (1,245.72) |
Business Activities
Fiora Hypermarket Limited was involved in retail, offering food, groceries, fresh produce, and apparel under the “Star” and “Zudio” brands. Fiora Online Limited operated the online platform starquik.com, selling a similar range of products.
Rationale Behind the Amalgamation
The primary objective of the amalgamation is to streamline retail businesses within the group, leading to simplification and greater efficiency.
Share Allotment
As part of the amalgamation, the Amalgamated Company will issue and allot 3,044,744 equity shares to the shareholders of the Amalgamating Company.
Source: BSE