Trent surges on plan to raise Rs 300 crore via NCDs

29 Jun 2016 Evaluate

Trent is currently trading at Rs 1797.00, up by 28.90 points or 1.63% from its previous closing of Rs 1768.10 on the BSE.

The scrip opened at Rs 1795.00 and has touched a high and low of Rs 1824.00 and Rs 1785.00 respectively. So far 2483 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs 1856.00 on 25-May-2016 and a 52 week low of Rs 1116.95 on 29-Jun-2015.

Last one week high and low of the scrip stood at Rs 1842.20 and Rs 1588.65 respectively. The current market cap of the company is Rs 5948.47 crore.

The promoters holding in the company stood at 32.61%, while Institutions and Non-Institutions held 42.84% and 24.54% respectively.

Trent is planning to raise Rs 300 crore by issue of Non- Convertible Debentures (NCDs) on a private placement basis. The issue of NCDs is subject to the approval of shareholders. The Board of Directors of the Company at its meeting held on June 28, 2016 has approved for the same.

Trent is part of the Tata Group and is engaged in business of retailing. Trent acquired 76% stake in Landmark, one of the largest books and music retail chains in the India.

Trent Share Price

6829.00 -265.45 (-3.74%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 3408.50
Aditya Birla Fashion 282.25
Trent 6829.00
Vishal Mega Mart 101.11
Electronics Mart Ind 170.05
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