Trent lost most of the gains (3.3 per cent) it made on the bourses after raising Rs 250 crore through the qualified institutional placement (QIP) route on March 14. Its stock has dropped 2.5 per cent after the exercise.
Trent Limited is trading higher by 4% at Rs 940 after the company said its board has approved a proposal to raise up to Rs 250 crore through placement of shares with institutional investors.
Trent is restructuring its business.The retail arm of the Tatas is closing stores in its loss-making value fashion format, Fashion Yatra, and is reworking its operations in Sisley brand.
The most popular meal passes have started to fail. From the last week of December — at the peak of the shopping season — food retail chains stopped accepting Sodexo passes for the items bought by shoppers.
Shares of retail companies have extended yesterday's gains after the Union Cabinet allowed 51% and 100% FDI in multi-brand and single-brand retail, respectively.
A number of Tata stocks opened on a strong note today— a day after Cyrus Mistry was named as successor to Ratan Tata as the group head -- but could not sustain the gains in a weak market.
Shares of retailers were up in early trades Thursday on expectation that the government may announce foreign direct investment in multi-brand and increase the ceiling on single-brand retail.
Trent Limited has plunged as much as 16% to Rs 901 on the National Stock Exchange, after reporting 72% year-on-year (y-o-y) decline in net profit to Rs 3.40 crore for the second quarter ended September 30, 2011 due to high input cost and increase excise
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.
Hindustan Unilever (HUL) and Star Bazaar, the hypermarket brand of the Tata group’s retail arm Trent, are to again run a month-long campaign promoting a social cause through joint marketing.
Trent, the flagship retail arm of Tatas, is in talks with Spanish retailer Inditex group to bring another fashion brand, Massimo Dutti, to India, according to a person close to the development.
Tata Group company, Trent that operates Westside along with other branded retail chains, today posted 73.28% increase in its consolidated net profit for the year ended March 31, 2011 at Rs 2.53 crore.
Almost eight months after Noel Tata stepped down as managing director of Trent, retail arm of the Tata Group, the company said it had appointed Philip Auld as chief executive officer.
Tata Group firm, Trent that operates Westside retail stores across India today said it has received government approval to increase remuneration of its erstwhile Managing Director Noel N Tata for the financial year ended March 31, 2010."Upon an
