Trent strengthens on seeking shareholder’s nod to raise funds from Tata Sons

25 Jun 2019 Evaluate

Trent is currently trading at Rs. 433.70, up by 7.30 points or 1.71% from its previous closing of Rs. 426.00 on the BSE.

The scrip opened at Rs. 425.50 and has touched a high and low of Rs. 448.60 and Rs. 424.00 respectively. So far 38181 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 448.60 on 25-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. 448.60 and Rs. 396.35 respectively. The current market cap of the company is Rs. 14356.08 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 seeking shareholder’s approval to allot up to 2.46 crore equity shares to Tata Sons. The company plans to raise funds through preferential allotment of shares to promoter Tata Sons to finance expansion and reduce debt.

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

Trent Share Price

1066.00 -21.45 (-1.97%)
May 23, 18:01 View Price Chart
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