Key Developments: Trent Ltd (TREN.NS)

TREN.NS on National Stock Exchange of India

22 Oct 2014
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Rs-10.25 (-0.76%)
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Latest Key Developments (Source: Significant Developments)

Trent Ltd recommends payment of dividend
Wednesday, 28 May 2014 04:37am EDT 

Trent Ltd:Recommended payment of dividend at 70pct that is 7 Indian rupees per equity share of 10 Indian rupees each on 33,231,544 equity shares.  Full Article

Tesco Plc's subsidiary to purchase 50 pct stake in Trent Hypermarket Limited, a subsidiary of Trent Ltd
Friday, 21 Mar 2014 09:03am EDT 

Trent Ltd:Further to the announcement regarding investment by Tesco Plc, UK in Trent Hypermarket Limited, a subsidiary of the company.Says it has approved definitive agreements in this regard and is in the process of entering into the same.Agreement envisage that Tesco Overseas Investments Limited, a subsidiary of Tesco would purchase part of equity share currently held by the company in THL for about 1.50 bln Indian rupees and would subscribe to additional THL equity shares for about 7.50 bln Indian rupees.Following the proposed investment, the company and Tesco Overseas will each hold 50 pct stake in THL.  Full Article

Trent Ltd Recommends Dividend Recommends Dividend
Wednesday, 29 May 2013 04:31am EDT 

Trent Ltd announced that its Board has recommended payment of dividend at 70% that is. INr7 per equity share of INR10 each on 332,315,44 equity shares, for approval by the shareholders.  Full Article

Trent Ltd Approves Scheme Of Amalgamation
Monday, 4 Mar 2013 08:35am EST 

Trent Ltd announced that the Board of Directors of the Company at its meeting held on March 04, 2013, has approved the Scheme of Amalgamation and Arrangement (The Scheme) between Landmark Limited (Landmark), Fiora Link Road Properties Limited (Fiora) and Trexa ADMC Private Limited (Trexa) with the Company under the applicable provisions of the Companies Act, 1956, after considering the recommendation of the Audit Committee. The Appointed Date for the merger shall be April 01, 2013. The entire paid-up equity share capital of Landmark, Fiora and Trexa is wholly owned by the Company, either directly or indirectly through its wholly owned subsidiary, hence, no shares of the Company will be issued and allotted pursuant to the proposed Scheme. The Scheme is approved by the Board of Directors subject to the requisite approval of the members and/ or creditors as may be directed by the High Court of Judicature at Bombay and subject to all such requisite approvals from the relevant regulatory authorities and sanction of the High Court of Judicature at Bombay.  Full Article

Trent Ltd Announces Acquisition Of Landmark Ltd From TVS Shriram Growth Fund I
Monday, 18 Feb 2013 06:48am EST 

Trent Ltd announced that the Board of Directors of the Company at its meeting held on February 18, 2013, have approved to purchase from TVS Shriram Growth Fund I (the Fund) its entire shareholding of 1,825,074 Equity Shares of INR10 each of Landmark Ltd., a subsidiary of the Company for a consideration of INR840 million. Further, it has been agreed between the parties that the Fund would retain an option to invest in a minority stake in Westland Limited (also a subsidiary of the Company) at a future date.  Full Article

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