Trent Ltd To Raise R250Cr Via QIP
Tata Group's Trent Limited is raising R250Cr through QIP. It will issue 2.74 Mn sharesof R10/- each at a price of R912 per share.
In April 2010, Trent raised $22Mn through private placement of secured redeemable non-convertible debentures.
Trent owns 'Westside' (lifestyle stores), a chain of department stores across India and is also increasing its foothold in hypermarket space thorugh its 'Star India Bazaar' format (value store).
Trent is also into books and music retailing space through its subsidiary 'Landmark Limited'.
Trent on BSE
Trent has a JV with Spain's Inditex Group to develop 'Zara Stores' in India. Trent's sourcing, warehousing, clearing and forwarding need are met by its subsidiary 'Fiora Services Limited'.
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KVEZAR VIEW
DEAL TRACKER FOR
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 05/04/13 | Trent - Arisaig India Fund | Capital Market | Arisaig Partners India Fund | 8.13 |
| 16/03/12 | Trent Ltd - QIP | IPO / Offerings | - | 49.72 |
| 06/09/10 | Trent Limited - ADAG | Private Equity | Reliance Capital Asset Management Limited | 4.56 |
| 20/08/10 | Trent - Rights Issue (CCPS) | IPO / Offerings | - | 104.99 |
| 15/05/07 | Trent - Right Issue (I) | IPO / Offerings | - | 38.56 |
Recent Transactions In The Sector
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 11/06/13 | Capital Market | Ashok Shah Babulal | Seasons Furnishings Limited | - | Completed |
| 10/06/13 | M&A | GMR Infrastructure Limited | Delhi Duty Free Services Private Limited | - | Completed |
| 29/05/13 | M&A | - | Micro Retail Limited | 26.91 | Planned |
| 29/05/13 | M&A | Walmart Stores Inc | Cedar Support Services Limited | 81.77 | Planned |
Profiles
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Trent Limited | Tata Sons Limited | Bombay House, 24, Homi Mody Street |
Vishal Retail Limited Pantaloon Retail (India) Limited Kewal Kiran Clothing Limited |
www.mywestside.com |
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