Trent allots Secured Redeemable Non Convertible Debentures worth Rs 100 crores

Trent Ltd has issued and allotted Secured Redeemable Non-Convertible Debentures of Rs. 100 Crores on a private placement basis.

The Debentures are redeemable on maturity after a period of 5 years at face value with premium payable on redemption as per the terms of the information memorandum.

The Debenture will be listed with the NSE.

CARE has assigned a credit rating of "AA-" to the said instruments, which is considered to offer high safety for timely servicing of debt obligations.

The stock closed the day at Rs.829, up by Rs.16.80 or 2.07%. The stock hit an intraday high of Rs.844 and low of Rs.815.15.

The total traded quantity was 7130 compared to 2 week average of 10921.

Source : Equity Bulls

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