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Trent shines on raising over Rs 1,000 crore via preferential allotment

09 Aug 2019

Trent is currently trading at Rs. 450.00, up by 16.55 points or 3.82% from its previous closing of Rs. 433.65 on the BSE.

The scrip opened at Rs. 454.75 and has touched a high and low of Rs. 454.75 and Rs. 433.95 respectively. So far 6257 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 464.35 on 02-Jul-2019 and a 52 week low of Rs. 313.00 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 454.75 and Rs. 428.10 respectively. The current market cap of the company is Rs. 16004.05 crore.

The promoters holding in the company stood at 32.61%, while Institutions and Non-Institutions held 39.27% and 28.11% respectively.

Trent has raised over Rs 1,000 crore through preferential allotment of shares to its promotor Tata Sons. Tata Sons' stake in Trent has increased to 32.45% after preferential allotment of 2.31 crore or 6.52% shares.

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