Reliance Cap fund buys pref shares in retailer Trent, IBN Live News

Reliance Cap fund buys pref shares in retailer Trent

Reuters | 09:06 PM,Sep 03,2010

MUMBAI (Reuters) - Indian retailer Trent, controlled by the diversified Tata Group, said on Friday that Reliance Capital Trustee, part of the Anil Dhirubhai Ambani group, had acquired 8.68 percent of an allotment of convertible preferred shares in the firm. Reliance Capital Trustee owned 7.6 percent of Trent as of June 30. The Reliance Capital unit acquired the preference shares on Aug. 31 for 212.6 million rupees ($4.6 million), Trent said in a statement to the stock exchange. ($1 = 46.7 rupees) (Reporting by Prashant Mehra) (For more news visit Reuters India)

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Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.

Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.

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Reliance Cap fund buys pref shares in retailer Trent

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