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Trent shines on planning to raise Rs 1,550 crore for expansion plans

19 Jun 2019

Trent is currently trading at Rs. 406.55, up by 10.85 points or 2.74% from its previous closing of Rs. 395.70 on the BSE.

The scrip opened at Rs. 396.55 and has touched a high and low of Rs. 406.55 and Rs. 396.35 respectively. So far 3201 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 424.50 on 04-Jun-2019 and a 52 week low of Rs. 295.10 on 29-Jun-2018.

Last one week high and low of the scrip stood at Rs. 409.00 and Rs. 383.55 respectively. The current market cap of the company is Rs. 13264.42 crore.

The promoters holding in the company stood at 32.61%, while Institutions and Non-Institutions held 39.09% and 28.29% respectively.

Trent is planning to raise up to Rs 1,550 crore in the current financial year (FY20). The fund will be raised through a combination of issuance of shares to its promoter Tata Sons on a preferential basis and other options, to fund its expansion. 

Trent is part of the Tata Group and is engaged in business of retailing.

Related Trent Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323