Trident shines on getting nod to acquire Mytrident
Trident is currently trading at Rs. 27.77, up by 1.51 points or 5.75% from its previous closing of Rs. 26.26 on the BSE.
The scrip opened at Rs. 26.17 and has touched a high and low of Rs. 28.50 and Rs. 26.13 respectively. So far 5324841 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 34.60 on 21-May-2025 and a 52 week low of Rs. 23.20 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 28.50 and Rs. 26.10 respectively. The current market cap of the company is Rs. 14161.66 crore.
The promoters holding in the company stood at 73.68%, while Institutions and Non-Institutions held 3.21% and 23.12% respectively.
Trident has received approval for acquisition of Mytrident.com, an unlisted Public Limited Company as Domestic Wholly Owned Subsidiary (DWOS) of the company. The purpose is to acquire Mytrident.com to establish a DWOS of the company to enhance brand presence, brand-building initiatives, selling and marketing for Trident products in overseas markets, with a special emphasis on the U.S. market.
The acquisition of the DWOS is a proactive measure to respond to changing trade environments, mitigate risks, and capitalize on emerging opportunities in global markets. The Board of Directors of the company, in its meeting held on January 06, 2026, has approved the same.
Trident is engaged in manufacturing, trading and selling of Textiles (Yarn, Terry Towels & Bedsheets) and Paper & Chemicals.
