Trident gets nod for proposed scheme of arrangement

22 Nov 2011 Evaluate

Trident has received an approval for the proposed scheme of arrangement for amalgamation of Trident Infotech and Trident Agritech with itself. The company has received an approval from Punjab and Haryana High Court at Chandigardh vide its order dated September 29, 2011.

Further, the approval has become effective on November 21, 2011 on filing of the certified copy of the formal order with the registrar of companies, Chandigarh. The appointed date of the scheme of amalgamation is April 01, 2011.

Trident earlier known as Abhishek Industries (ABIL), a part of Trident Group was promoted by Rajinder Gupta. The company has three separate divisions they were Yarn Division (YD), Paper and Chemical Division (PCD) and Terry Towel Division (TTD). The company is one of the largest manufacturer of Terry Towels in India with an installed capacity of 100 million pieces per annum (including the capacity of the ongoing expansion project which will be on stream by March 2004). The company exports Terry Towels to USA. Wall Mart is one of the company's prestigious client.

Trident Share Price

36.54 -0.31 (-0.84%)
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Company Name CMP
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