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Trent, a Tata group company, is planning to raise Rs 330 crore through a rights issue of equity shares and non-convertible bonds. At the meeting held today, the board considered raising long-term funds for the company's present growth plans and decided to raise Rs 130 crore through a rights issue of equity shares, Trent informed the Bombay stock exchange. The board also decided to raise Rs 200 crore by way of rights issue of non-convertible bonds with warrants. Shares of the company, which operates retail chain — Westside — closed up 2.84 per cent at Rs 723.70 on the BSE. |
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