Trent Ltd.

Trent’s QIP issue of Rs 225 crore, launched late on Monday was reportedly oversubscribed nearly two times. Domestic institutions, including the state-run Life Insurance Corporation of India, were among the buyers for the issue. Further, Indian brokerage JM Financial Services and Standard Chartered were the lead managers to the issue.

Trent’s QIP committee of the board of directors of the company at a meeting held on March 12, 2012 decided to open a QIP issue of Rs 225 crore with an option to upsize the issue size up to Rs 250 crore in aggregate, by way of issue of equity shares.

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.