Trident has received approval from board of directors for acquisition of 100% equity share capital of Trident Innovations. The company proposes to acquire Trident Innovations for implementation of forward and backward integration of operations. The Board of Directors of the Company in their meeting held on May 30, 2022 has approved the same.
The cost of acquisition shall be the face value of equity shares. Accordingly, the total purchase consideration shall be of Rs 1 lakh i.e. 10,000 equity shares having face value of Rs 10 each.
Trident is one of the largest exporters of home textile products from India.
