Trent to seek shareholders approval to raise Rs 300 cr

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Trent to seek shareholders approval to raise Rs 300 cr

Press Trust of India / Mumbai 29 Sep 11 | 08:50 PM

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Tata Group firm Trent, which operates Westside stores and other organised retail formats, today said it would seek shareholders' approval for raising Rs 300 crore.

In a filing to the Bombay Stock Exchange (BSE), Trent said, "The company proposes to seek the approval of shareholders for raising of additional long-term funds of up to Rs 300 crore."

This was approved by the board at its meeting held on September 29, 2011, it added.

The shares closed at Rs 1,107.30, up 0.96% from the previous close on the BSE.