Tata group's retail arm Trent said it has raised nearly Rs250 crore through placement of shares with institutional investors.
The company has decided to close Qualified Institutional Placement ( QIP) and has accorded its consent for the issue of 27,41,228 shares at a price of Rs912 apiece for an aggregate value of Rs249.99 crore, Trent said in a filing to the BSE.
The QIP issue was carried out in accordance with the resolution passed by the shareholders of the company through postal ballot on November 14, 2011, it added.
On March 12, the company's board had approved the QIP issue.
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The company has decided to close Qualified Institutional Placement ( QIP) and has accorded its consent for the issue of 27,41,228 shares at a price of Rs912 apiece for an aggregate value of Rs249.99 crore, Trent said in a filing to the BSE.
The QIP issue was carried out in accordance with the resolution passed by the shareholders of the company through postal ballot on November 14, 2011, it added.
On March 12, the company's board had approved the QIP issue.
....more info