05 May 07 Trent Record Date for Rights Issue
Trent Limited has informed the Indian stock exchanges that May 15, 2007 has been fixed as the Record Date for the purpose of payment of interim dividend. Trent Limited has also informed the Indian stock exchanges that May 15, 2007 has been fixed as the Record Date for determining the eligible shareholders for the Rights Issue of Trent’s Equity Shares. The Ex date for both the dividend and the rights issue is 08 May, 2007. The rights issue of Trent will be issued in the ratio of 1 : 5 (1 rights for every 5 shares held). Trent has priced the rights issue at Rs.500 per share which is at a huge discount to trent limited’s current market price of Rs.730. Those shareholders who ignore the rights issue will stand to lose. Shareholders of Trent can sell the rights by renouncing them to others.
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