Trident gains as its arm incorporates wholly owned subsidiary in Netherlands
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Trident is currently trading at Rs. 33.78, up by 0.24 points or 0.72% from its previous closing of Rs. 33.54 on the BSE.
The scrip opened at Rs. 33.71 and has touched a high and low of Rs. 33.90 and Rs. 33.60 respectively. So far 299336 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 43.75 on 21-Jul-2022 and a 52 week low of Rs. 25.10 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 33.90 and Rs. 33.02 respectively. The current market cap of the company is Rs. 17168.27 crore.
The promoters holding in the company stood at 73.19%, while Institutions and Non-Institutions held 2.47% and 24.35% respectively.
Trident’s wholly owned subsidiary -- Trident Home Textiles (THTL) has incorporated a wholly owned subsidiary (WOS) namely ‘Trident Global B.V.’ on June 15, 2023 in Netherlands. Accordingly, Trident Global B.V. shall be a step-down subsidiary of the Company. Trident Global B.V., is intended to carry out the wholesale business of textiles, paper, nonfood consumer good and clothing accessories.
Trident is engaged in manufacturing, trading and selling of Textiles (Yarn, Terry Towels & Bedsheets) and Paper & Chemicals.
