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.
Shasun Pharmaceuticals Limited has sold its Velachery land for R29Cr to ITC group, according to BL.
Minda Industries is forming a 70:30 JV with Kosei International Trade and Investment Company Ltd., a Kosei Group company for manufacturing and supply of alloy wheels for passenger vehicles.