Trident has received approval to acquire 100% equity share capital in Trident Home Textiles. The company proposes to acquire Trident Home Textiles for implementation of forward integration of operations and Consolidation of International business.
The board also approved indirect acquisition of Trident Global, Inc, as Trident Home Textiles holds 24.5% shareholding of Trident Global, Inc., therefore, due to the acquisition of Trident Home Textiles the Company shall hold 73.5% shareholding of Trident Global, Inc. (Direct holding 49% and Indirect holding 24.5%).
Trident is engaged in manufacturing, trading and selling of Textiles (Yarn, Terry Towels & Bedsheets) and Paper & Chemicals.
