Trident invests in wholly owned overseas subsidiary ‘Trident Europe’

Trident has invested 33,000 pounds in Trident Europe, its wholly owned overseas subsidiary for allotment of 33,000 equity shares of 1 pound each. The said investment falls under Overseas Direct Investment under automatic route.

Trident Europe was incorporated on November 26, 2015 as a wholly owned subsidiary of Trident and is operating in the field of Home Textiles in Europe.

Trident is the flagship company of Trident Group, a $1 billion Indian business conglomerate and a global player. Headquartered in Ludhiana, Punjab, Trident is the largest terry towel and wheat straw based paper manufacturer in the world.