On Monday, March 23, Trent Limited announced that it will hold a board meeting on March 26, 2026, to evaluate a proposal for raising up to ₹500 crore through the issuance of unsecured, redeemable non-convertible debentures (NCDs) via private placement, subject to requisite approvals.
Following this development, Trent share price reacted positively and rose ~2% on March 24, reaching a day high of ₹3,451.15 at 10:10 AM after opening at ₹3,449.00 on BSE.
This proposed fundraising comes ahead of the maturity of the company’s existing 5,000 rated, listed, unsecured redeemable NCDs worth ₹500 crore, which were issued on May 31, 2021, and are scheduled for redemption on May 29, 2026. These instruments are currently listed on the Wholesale Debt Market segment of the National Stock Exchange of India.
On the financial front, Trent reported a modest 2.7% year-on-year increase in net profit for the third quarter of FY26, reaching ₹510 crore compared to ₹496.5 crore in the corresponding period last year.
The company continues to strengthen its retail footprint, operating more than 1,100 large-format fashion stores across 274 cities. During Q3 FY26, it expanded further by launching 17 Westside outlets and 48 Zudio stores, including its first international Zudio store in the UAE.
As of December 31, 2025, Trent’s store network included 278 Westside locations, 854 Zudio stores (of which four are in the UAE), and 32 outlets under other lifestyle formats. Altogether, its fashion portfolio spans a retail area of over 15 million square feet.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 24, 2026, 10:30 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
