Trent to raise 500 cr for expansion

Retailer store operator Trent Ltd has announced that it has decided to raise Rs 500 crore by issuing shares to the existing shareholders on rights basis. The company would utilise the funds raised for its proposed retail expansion plans. The unit of TATA operates in two business segments of retailing and distribution business & consultancy services of the company. Trent operates retail stores of the most popular garment brand Westside across India. Surging of new Trent retail stores will be a new opportunity for the signage sector where in-store media companies, sign suppliers and print providers could carve business.