Trident gains on getting HC nod for scheme of amalgamation

26 Mar 2014

Trident is currently trading at Rs. 14.15, up by 0.12 points or 0.86% from its previous closing of Rs. 14.03 on the BSE.

The scrip opened at Rs. 14.05 and has touched a high and low of Rs. 14.39 and Rs. 14.00 respectively. So far 31052 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 19.50 on 29-Nov-2013 and a 52 week low of Rs. 6.08 on 01-Aug-2013.

Last one week high and low of the scrip stood at Rs. 14.70 and Rs. 13.96 respectively. The current market cap of the company is Rs. 446.41 crore.

The promoters holding in the company stood at 55.31% while Institutions and Non-Institutions held 2.57% and 42.12% respectively.

Trident has received an approval from Punjab and Haryana High Court on March 14, 2014 for Scheme of amalgamation of Trident Corporation with itself.

Trident is the flagship company of Trident Group with its array of customers spread across 75 countries. Trident is a leading manufacturer of Terry Towels, Paper, Yarn and Chemicals. The company has emerged as one of the largest manufacturers of terry towels and wheat straw based paper manufacturers in the world.


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