×
316
Fashion Jobs
TIME TECHNOPLAST
Area Sales Manager
Permanent · Andheri
LIFE TURN MANAGEMENT CONSULTANT
sr. Manager Production - Sricity, Tada - Mnc Company - Engineering Ind
Permanent · Tada
MCKENZIE
Hiring For Retail Store Merchandiser / Manager
Permanent · Chennai
V2B GLOBAL CONSULTANTS
sr Technician Apparel -Buying Office
Permanent · Gurugram
MANPOWERGROUP SERVICES INDIA
Opening || Horeca Sales Manager || Kolkata
Permanent · Kolkata
ADIDAS
Senior Product Owner - Machine Learning & ai
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant - Omnichannel
Permanent · GURUGRAM
PUMA
Manager- Warehouse (B2C)
Permanent · Bengaluru
HARMAN FINOCHEM
sr. Manager- Api Production For Srp With Leading Pharma @ Aubad
Permanent · Aurangabad
PNB HOUSING
Area Sales Manager
Permanent · Thane
PNB HOUSING
Area Sales Manager
Permanent · Pune
JM FINANCIAL HOME LOANS LTD
Area Sales Manager - Home Loans
Permanent · Chennai
DANIEL WELLINGTON
IT Support Specialist
Permanent · MUMBAI
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Karaikal
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Thiruvarur
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Tirunelveli
AVANTOR
Area Sales Manager- Lab Consumables
Permanent · Pune
ADIDAS
Manager Brand Activation Originals
Permanent · GURUGRAM
ZACH LIFESTYLE PVT. LTD.
Manager - Content & Social Media
Permanent · MUMBAI
NEW ALFA INTERNATIONAL
Foundry Production Manager
Permanent · Dubai
MEDCIS PATHLABS
Medcis Pathlabs is Hiring For Pathology Area Sales Manager
Permanent · Visakhapatnam
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Bhubaneswar
Published
Jun 19, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Trent to raise Rs 1,550 crore to fuel expansion plans

Published
Jun 19, 2019

Tata Group's retail arm Trent Ltd is looking to raise up to Rs 1,550 crore ($222.9 million) during the current financial year to fund its expansion plans in the country.
 

Trent to raise Rs 1,550 crore to fuel expansion plans - Trent- Facebook


The funds will be raised through a combination of issuance of shares to its promoter Tata Sons on a preferential basis and other options.
 
The company has said that about Rs 950 crore will be raised from issuance of shares to the promoter while the remaining Rs 600 crore will be raised through the issue of equity shares.

For the 2018-19 financial year, Trent’s profit was Rs 127 crore as against Rs 117 crore it had posted in the previous year. Total income in the last fiscal stood at Rs 2,568 crore as compared to Rs 2,109 crore in 2017-18.
 
“The total amount to be raised from issuance of shares to the promoter is about Rs 950 crore. Independent of the above issuance, the board of directors also appointed a committee of the board to explore options to raise additional funds not exceeding Rs 600 crore in financial year 2019-20 by issue of equity shares or other securities,” Trent Ltd said in a regulatory filing.
 
"The foregoing fundraising proposal was considered by the board of directors in the context of the company's funding requirements given the growth plans," it added.
 
Trent Ltd operates Westside and Zudio stores, which sell products ranging from apparel, footwear, accessories to cosmetics and perfumes to home accessories. It currently has over 150 Westside and 12 Zudio stores across India.

Copyright © 2023 FashionNetwork.com All rights reserved.