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Trent raises Rs 500 crore through NCDs

01 Jun 2021 Evaluate

Trent has raised Rs 500 crore through Rated Listed Unsecured Redeemable Non - Convertible Debentures (NCDs) and allotted 5,000 NCDs having face value of Rs 10 lakh each on a private placement basis. The proceeds of the Issue are proposed to be used towards capital expenditure, refinancing of existing indebtedness, working capital and other general corporate purposes, as permitted by Law.

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

Peers
Company Name CMP
Avenue Supermarts 3681.10
Trent 2731.00
Vishal Mega Mart 100.20
PN Gadgil Jewellers 611.55
Aditya Birla Life 83.02
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