Comments
Tata group’s retail arm Trent has raised ₹100 crore from the market by issuing commercial papers to refinance its existing borrowings. “The company has issued and allotted commercial paper of ₹100 crore,” Trent said in a regulatory filing. The proceeds will be primarily used to refinance the existing borrowings, it added.
According to the company, Credit Analysis and Research Ltd (CARE Ratings) has assigned ‘CARE A1’ to the commercial papers. The rating signifies very strong degree of safety with respect to timely payment of financial obligations.
The Trent stock ended down 0.22 per cent at ₹315 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.