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Trent to raise ₹1,550 cr for expansion in India

25
Jun '19
Pic: Tata
Pic: Tata
Tata Group's retail arm Trent Ltd is planning to raise up to ₹1,550 crore ($222.9 million) during the current fiscal to fund its expansion plans in India. About ₹950 crore will be raised from issuance of shares to promoter Tata Sons on a preferential basis, while the rest will be raised through the issuance of equity shares, the company said in a regulatory filing.

For fiscal 2018-19, Trent’s profit was ₹127 crore as against ₹117 crore in the previous year. Its total income in the last fiscal was ₹2,568 crore compared to ₹2,109 crore in 2017-18, according to a news agency report.

Trent Ltd operates Westside and Zudio stores, which sell products like apparel, footwear, accessories, cosmetics, perfumes and home accessories. It currently has over 150 Westside and 12 Zudio stores across the country. (DS)

Fibre2Fashion News Desk – India


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