Trident’s board has cleared the resolution for raising of funds for an amount not exceeding Rs 600 crore by issue of NCDs by way of public or private offering, in one or more tranches. It also approved the resolution for raising of funds for an amount not exceeding Rs 500 crore by issue of equity shares, non- convertible debt instruments along with warrants, convertible debt instruments or by way of a public or private offering, including QIP. The board also recommended the fund raising resolution to be approved by the shareholders in the next meeting.
Trident is one of the largest exporters of Home Textile products from India. The company exports to more than 100 countries across 6 continents.
