Trent Limited allots commercial paper of Rs 100 crore to refinance company’s upcoming payments
DSIJ Intelligence / 21 Jun 2017
Trent Limited is engaged in the retail sale of readymade garments. The company’s segments include retailing and others. It primarily operates stores across three formats: Star, Westside and Landmark.
Trent Limited has issued and allotted commercial paper of Rs 100 crore. The proceeds of the same will be primarily used to refinance the company’s upcoming repayments.
Trent Limited is engaged in the retail sale of readymade garments. The company’s segments include retailing and others. It primarily operates stores across three formats: Star, Westside and Landmark.
Credit Analysis and Research Limited has assigned a credit rating of ‘CARE A1+’ to the said instruments. Instruments with CARE A1 rating are considered to have very strong degree of safety regarding timely payment of the financial obligations and carry the lowest credit risk.
Trent Limited stock has gained around 48% in the past one year and the company has also witnessed a continued increase in its revenue over the period of the past five years.
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