Outcome of board meeting of Trent

Held on 28 June 2016

Trent announced that the Board of Directors of the Company at its meeting held on 28 June 2016 have approved the sub-division of equity shares of the Company having a face value of Rs. 10 per share into equity shares having a face value of Rs. 1(one) each. The sub-division of equity shares is subject to approval of shareholders and statutory approvals.

Further, the Board also approved an enabling resolution for raising of funds by issue of Non- Convertible Debentures (NCDs) on a private placement basis upto an amount not exceeding Rs. 300/- crore. The issue of NCDs is also subject to the approval of shareholders.

 

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