Trident to acquire stake in home textiles brand Trident Global Corp

Trident Limited’s board of directors approved an investment of up to INR 250 crore to acquire equity shares in Trident Global Corp Limited (TGCL). The acquisition will be executed in one or more tranches and is subject to regulatory clearances. TGCL, established in 2011, is an Indian unlisted company specializing in home textiles, with a turnover of INR 481 Crore (during FY 2024-25).

The investment aims to give Trident immediate access to the domestic brand market, leverage its manufacturing capabilities, strengthen brand equity, and position the company as a multi-category home solutions provider. This move is also intended to mitigate geopolitical conditions, including US tariffs, and capitalize on the "Swadeshi" movement. The acquisition, considered a related party transaction, will result in Trident holding a 30.42% shareholding, acquiring 2,23,21,428 equity shares.