Trent gets nod to raise upto Rs 300 crore

30 Sep 2011 Evaluate

Trent has received an approval for raising of additional long term funds of upto Rs 300 crore. The board at its meeting held on September 29, 2011 has approved for the same. Further, the company proposes to seek the approval of shareholders for the same.

Recently, the company’s subsidiary - Landmark Book and music store was planning to launch eight new medium and large format stores in the country in the next two years. This would entail an investment of Rs 4.5-5 crore per store and the company was looking at opening stores in Bangalore, Mumbai, Chennai and Chandigarh.

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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