Trent Limited (BSE:500251) announced a private placement of common shares for gross proceeds of approximately INR 9,500,000,000 on June 18, 2019. The transaction will involve participation from existing investor Tata Sons Private Limited. The shares shall be issued at a price which is not less than the price that would be determined in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The transaction has been approved by the board of directors of the company and is subject to regulatory and statutory approvals as may be required, including approval of the shareholders of the company.