Trent Ltd, a retail chain of the Tata Group, today said it will raise Rs 500 crore through a rights issue.

The committee of the board of directors of the company at a meeting held yesterday has proposed to issue convertible preference shares to the shareholders, Trent said in a filing to the Bombay Stock Exchange.

BSE  |  NSE Price

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Shares of Trent Ltd were trading at Rs 810 on BSE, up 0.82 per cent from the previous close.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end flat - SAIL to add 5 mn tonne capacity in FY13 - NHPC FY12 net up 28% at Rs 2,772 cr - Aarti Industries Q4 up nearly 27% at Rs 28.24 crore - BPCL posts four-fold jump in Q4 net at Rs 3,963 cr

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