PremjiInvest's Pi Opportunities Fund picks up stake in Trent

Pi Opportunities, a private equity fund managed by Azim Premji's PremjiInvest, has picked up a 2.77% stake in Trent, based on shareholding disclosures filed by the company for the December 2016 quarter.

Trent has recently stepped up its brand expansion efforts. The stock is in neutral territory, having gained 47.59% from its 52 week low.