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Tata group firm Trent raises Rs 300 crore through NCDs

Tata group firm Trent Ltd raised Rs 300 crore through issuance of unsecured redeemable non convertible debentures on private placement basis on Monday.

“The company has issued and allotted 3000 listed unsecured redeemable non-convertible debentures (NCDs) of Rs 10 lakh each at par aggregating to Rs 300 crore on a private placement basis,” Trent said in a BSE filing.

The proceeds of the issue will be used to facilitate redemption of existing borrowings. The Tata group firm Trent operates ‘Westside’ stores along with ‘Star Bazaar’.

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