Trent moves up on raising Rs 300 crore via NCDs

27 Jul 2018 Evaluate

Trent is currently trading at Rs. 345.00, up by 0.90 points or 0.26% from its previous closing of Rs. 344.10 on the BSE.

The scrip opened at Rs. 344.35 and has touched a high and low of Rs. 345.25 and Rs. 343.55 respectively. So far 315 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 377.60 on 12-Jul-2018 and a 52 week low of Rs. 250.00 on 10-Aug-2017.

Last one week high and low of the scrip stood at Rs. 351.50 and Rs. 322.00 respectively. The current market cap of the company is Rs. 11416.74 crore.

The promoters holding in the company stood at 32.61%, while Institutions and Non-Institutions held 39.08% and 28.31% respectively.

Trent has issued and allotted 3,000 Rated Listed Unsecured Redeemable Non- Convertible Debentures (NCDs) of Rs 10 lakh each at par aggregating to Rs 300 crore on a private placement basis. The NCDs will be listed on the Wholesale Debt Market segment of National Stock Exchange of India.

The proceeds of the Issue are proposed to be used primarily towards refinancing of existing debts. Besides, Credit Analysis & Research has assigned a credit rating of ‘AA+’ to the said instruments.

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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