Trent Limited has informed the Exchange that the the QIP Issue Committee of the Board of Directors of the Company, at its meeting held on March 16, 2012, has accorded its consent for the allotment of 27,41,228 Equity Shares of Rs. 10/- each at a price of Rs. 912/- per equity share (including Rs. 902/- towards share premium) to Qualified Institutional Buyers, in accordance with the provisions of Chapter VIII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended. The Qualified Institutions placement Issue was carried out in accordance with the resolution passed by the shareholders of the Company passed through postal ballot on November 14, 2011.