Trent has raised Rs2.5 billion through a share sale to institutional investors at Rs912 a share, as per the reports.
The issue, which was launched late on Monday was oversubscribed nearly two times, said, who declined to be named as the information was not yet public.
Domestic institutions, including the state-run Life Insurance Corporation of India, were among the buyers, said.
Indian brokerage JM Financial Services and Standard Chartered were the lead managers to the issue, said.
Trent, the retail arm of India's diversified Tata group, said on Monday its board had decided to open the share sale to institutional investors.
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The issue, which was launched late on Monday was oversubscribed nearly two times, said, who declined to be named as the information was not yet public.
Domestic institutions, including the state-run Life Insurance Corporation of India, were among the buyers, said.
Indian brokerage JM Financial Services and Standard Chartered were the lead managers to the issue, said.
Trent, the retail arm of India's diversified Tata group, said on Monday its board had decided to open the share sale to institutional investors.
....more info