Trent Ltd has announced board approval for issuing unsecured, redeemable Non-Convertible Debentures (NCDs) worth up to Rs 500 crore on a private placement basis. The move strengthens the company’s funding strategy within permissible borrowing limits under the Companies Act, 2013.
Trent Ltd, part of the Tata Group, disclosed the outcome of its board meeting held on 26 March 2026. The issuance of NCDs is expected to provide long-term capital flexibility while adhering to SEBI Listing Regulations.
Issuance Of Non-Convertible Debentures
The board has approved raising up to Rs 500 crore through unsecured, redeemable NCDs. These instruments will be issued on a private placement basis, subject to regulatory approvals.
Committee Authorization
The Borrowing and Investment Committee has been authorized to finalize terms of issuance and allotment. Detailed disclosures under SEBI’s Master Circular will follow upon allotment.
Key Highlights
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Board approves issuance of NCDs worth Rs 500 crore
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Private placement route chosen for fundraising
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Authorization granted to Borrowing and Investment Committee
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Compliance ensured with SEBI Listing Regulations and Companies Act, 2013
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Board meeting concluded at 6:45 p.m. on 26 March 2026
Sources: Company filing with BSE and NSE