Trent To Raise Rs300Cr For Expansion

by Charmi Gutka | October 14,2011 - 05:17 PM

Topics : I.P.O. / Offerings Industries : Retail / Leisure/ Travel/ Textile
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Tata Group's Trent Limited will raise upto Rs300Cr through a mix of equity/debt/ equity-related instruments in one or more tranches. The funds will be used for pursuing various growth opportunities.

Trent owns 'Westside' (lifestyle stores), a chain of department stores across India and is also increasing its foothold in hypermarket space thorugh its 'Star India Bazaar' format (value store).

Trent Operational Performance

Trent is also into books and music retailing space through its subsidiary 'Landmark Limited'.

Trent has a JV with Spain's Inditex Group to develop 'Zara Stores' in India. Trent's sourcing, warehousing, clearing and forwarding need are met by its subsidiary 'Fiora Services Limited'.

Trent on BSE

Last year in April, Trent raised $22Mn through private placement of secured redeemable non-convertible debenture