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Published
Mar 7, 2018
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Trent to re-finance loans with 100 crore investment

Published
Mar 7, 2018

The retail arm of the Tata Group, Trent, has raised 100 crore rupees in investments that will be used to re-finance existing loans.

Trent has raised 100 crore rupees in investments that will be used to re-finance existing loans - Trent- Facebook


According to a Trent regulatory filing disseminated this week, the company has issued and allotted commercial paper of Rs 100 crore. The filing also stated that the money would be used to refinance existing loans. The Credit Analysis and Research Ltd (CARE Ratings) has assigned ‘CARE A1’ to the commercial papers. This rating signifies a very strong degree of safety and anticipates the timely payment of financial obligations.

The story was originally reported on in the Financial Express in June 2017 with a PTI report as the source. On June 21, 2017, the stock of Trent was trading at 245 rupees on the Bombay Stock Exchange (BSE) in the afternoon trade, which was down 0.47 percent from its previous close. On March 6, the business’ stock was trading 0.54 percent up from the day before at 317.40 rupees on the BSE in the afternoon. This shows how much Trent stocks have increased in value since the story first broke. Reports are circulating again as Trent’s plan for re-financing is now being put into action.

Trent is the retail section of the Tata Group and was established in 1998. Trent operated Westside, one of India’s largest retail chains as well as the hypermarket chain Star Bazaar among others.

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