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Informist, Wednesday, Apr. 22, 2026

 

--Trent board OKs raising up to INR 25 bln via rights issue, others

--Trent: To use additional funds to upgrade stores, up supply chain capacity

--Trent: To use additional funds to incubate new brands, categories

--Trent: To use additional funds for Star brand store expansion

 

NEW DELHI – Trent Ltd. Wednesday said its board approved in principle a proposal to raise up to INR 25 billion through the issuance of shares in one or more tranches. This could be through a rights issue or any other permissible mode, the company said in an exchange filing, adding that the timeline for the fund raise would be "evaluated and pursued in due course".

 

As per the filing, the objective of the fundraising exercise is to speed up select investments, including upgrading its existing portfolio of stores, incubating new brands, categories, and geographies, expanding and automating supply chain and warehouse capacity, and scaling up and upgrading digital initiatives. Another area of focus is the faster rollout of stores by its supermarket and hypermarket chain Star, including through investments in retail real estate developments, the company said.

 

"We prefer to retain operating control of our stores and the ownership of merchandise at all times," Trent said. "Our approach to franchising has been selective given diverse objectives and primarily related to properties." It added that investments in automation and technology across multiple areas in recent years has resulted in "encouraging operating economics".

 

Trent Chairman Noel N. Tata in a press release said the company recognises that the expansion programme for Star stores has been slower than expected and the company is looking to accelerate this agenda in the coming years.

 

The company reported a near 30% year-on-year increase in its standalone net profit for the March quarter to INR 4.55 billion alongside an over 20% growth in revenue to INR 49.37 billion. Wednesday, Trent's shares ended 1% higher at INR 4,434.50 on the National Stock Exchange. The company released its financial results after market hours.  End

 

Reported by Shakshi Jain

Edited by Rajeev Pai

 

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