Trent Ltd, the Tata group firm which is in the business of retail, has acquired the 24% stake in retail chain Landmark Bookstore. The company has bought stake held by co-founder Hemu Ramaiah for an undisclosed amount.

Landmark earlier had an equal joint venture with the Emami Group for a store in Kolkata, but subsequently, in 2006, Emami bought out Ms Ramaiah’s stake and renamed the store Starmark.

Landmark, at present, has around 3 lakh sq. ft of store space and sales of approximately Rs 200 crore. It has 10 stores across cities such as Chennai, Bangalore, Mumbai, Vadodara, Gurgaon, Pune, and Lucknow, according to information on its website.

Trent had acquired 76 per cent in the Landmark chain for Rs 103.6 crore in August 2005. After the Trent investment, Ms Ramaiah continued to be the CEO while Mr Himanshu Chakrawarti of Trent joined as COO.