Trident Ltd Announces Further Investment In Trident Global B.V.
Trident Limited, has announced a further investment in its step-down subsidiary, Trident Global B.V. The investment was made through Trident Home Textiles Limited (THTL), a wholly-owned subsidiary of Trident Limited.
In compliance with Regulation 30 and other relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Trident Limited disclosed this strategic move aimed at enhancing its business interests globally. The transaction involves THTL acquiring an additional 15,000 ordinary shares of Trident Global B.V. at a nominal value of Euro 1 per share, fully paid in cash.
Trident Global B.V., incorporated on June 15, 2023, in the Netherlands, focuses on the wholesale business of textiles, paper, non-food consumer goods, and clothing accessories. Despite its recent establishment, this subsidiary is poised to expand Trident Limited’s footprint in the international market.
Key Details of the Investment:
- Entity Name: Trident Global B.V.
- Turnover as of March 31, 2024: Nil
- Paid-up Share Capital as of March 31, 2024: Euro 5,000
- Industry: Textiles, paper, non-food consumer goods, and clothing accessories.
- Nature of Transaction: Cash
- Shares Acquired: 15,000 ordinary shares
- Completion Date: June 11, 2024
- Objective: To further business interests
This transaction does not constitute a related party transaction as the promoter group of Trident Limited has no direct interest in Trident Global B.V., and the acquisition was conducted on an arm’s length basis.
Trident Limited continues to strengthen its market position through strategic investments and expansions, ensuring long-term growth and value creation for its stakeholders.
