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April 15, 2010 NSE India

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”.