Trent raises $22m through Debentures
Trent Ltd. has informed the Exchange that "The Company has issued and allotted Secured Redeemable Non-Convertible Debentures of Rs.100 Crores on a private placement basis. The Debentures are redeemable on maturity after a period of 5 years at face value with premium payable on redemption as per the terms of the information memorandum.
The Debenture will be listed with the NSE. CARE has assigned a credit rating of "AA-" to the said instruments, which is considered to offer high safety for timely servicing of debt obligations".