date:Mar 25, 2014
rld's third largest retailer and the UK's biggest, has had an agreement to supply merchandise and technical support to THL since 2008.
Rules relaxed
But it is now the first foreign firm to take a stake in an Indian retailer, 18 months after the country's government opened up the sector to global supermarket chains.
International firms are now able to buy up to a 51% stake in multi-brand retailers, but the decision has led to much opposition in the country.
The move to relax the rules in Sept