AI assistant
Trident Ltd — Capital/Financing Update 2025
Jan 14, 2025
59305_rns_2025-01-14_03885bcb-dac6-49d9-92f0-6a6d9cc7c1bf.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [524 x 113] intentionally omitted <==
TRIDENT/CS/2025 January 14, 2025
Na�onal Stock Exchange of India Limited
Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: TRIDENT
BSE Limited
Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Scrip Code: 521064
Sub.: Disclosure under Regula�on 30 of the Securi�es and Exchange Board of India (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015 (“LODR Regula�ons”)
Dear Sir/Madam,
This is in con�nua�on of our le�er dated December 14, 2024 regarding disclosure under Regula�on 30 and other applicable provisions of the LODR Regula�ons, we hereby inform and update that the Trident Group Enterprises Pte. Ltd. (‘Buyer’), Singapore, overseas wholly owned subsidiary of Trident Limited has acquired en�re shareholding of THTL Trading L.L.C., a Limited Liability Company incorporated in the emirate of Dubai, United Arab Emirates (‘UAE’), on January 14, 2025.
In terms of Regula�on 30, read with, Para A of Part A of Schedule III of the LODR Regula�ons and SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023, the updated details are enclosed herewith in the prescribed formats as Annexure 1.
The date and �me of occurrence of events is January 14, 2025 at 18.01 hours IST.
This is for your informa�on & records please.
Thanking You,
Yours faithfully
For Trident Limited
SUSHIL Digitally signed by SUSHIL SHARMA SHARMA Date: 2025.01.14 18:31:53 +05'30'
(Sushil Sharma)
Company Secretary ICSI Membership No. F6535
Disclaimer :- The details of the authorised signatories are uploaded on the official website of the Company. You may authenticate the authority of the signatory before relying upon the contents of this communication by visiting https://www.tridentindia.com/authority-matrix/ or may write to us on [email protected].
==> picture [525 x 49] intentionally omitted <==
14/01/2025
TL/2025/056289
==> picture [524 x 113] intentionally omitted <==
Annexure-1
Details in terms of Regula�on 30, read with, Para A of Part A of Schedule III of the LODR Regula�ons and SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023
| Par�culars | Remarks |
|---|---|
| Name of the Target En�ty details in brief such as size, turnover, etc |
Name: THTL Trading L.L.C. Size / Turnover: THTL Trading L.L.C. was incorporated on June 25, 2024 in the emirate of Dubai, United Arab Emirates (‘UAE’) and is yet to commence its business opera�ons. |
| Whether the acquisi�on would fall within related party transac�on(s) and whether the promoter/ promoter group/ group companies have any interest in the en�ty being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” |
The acquisi�on is not a related party transac�on. The buyer is wholly owned subsidiary of the Company |
| Industry to which the en�ty being acquired belongs | Blankets, Towels & Linens Trading |
| Objects and impact of acquisi�on (including but not limited to, disclosure of reasons for acquisi�on of target en�ty, if its business is outside the main line of business of the listed en�ty) |
The object is to diversify and expand the current business opera�ons in global market, explore the future business opportuni�es and/or to employ talent to manage business ac�vi�es of the Company. |
| Brief details of any governmental or regulatory approvals required for the acquisi�on |
NA |
| Indica�ve �me for comple�on of acquisi�on | Date of comple�on of acquisi�on is January 14, 2025 |
| Considera�on - whether cash considera�on or share swap or any other form and details of the same |
Cash Considera�on. The cost of acquisi�on is AED 38,500/- |
| Cost of acquisi�on and/or the price at which the shares are acquired |
|
| Percentage of shareholding / control acquired and / or number of shares acquired |
Trident Group Enterprises Pte. Ltd. has acquired en�re 100% shareholding of THTL Trading LLC and has become wholly owned subsidiary of Trident Group Enterprises Pte Ltd and consequently step down subsidiary of Trident Limited |
| Brief background about the en�ty acquired in terms of products/line of business acquired, date of incorpora�on, history of last 3 years turnover, country in which the acquired en�ty has presence and any other signifcant informa�on (in brief); |
THTL Trading L.L.C. was incorporated on June 25, 2024 in the emirate of Dubai, United Arab Emirates (‘UAE’) and is yet to commence its business opera�ons. |
Disclaimer :- The details of the authorised signatories are uploaded on the official website of the Company. You may authenticate the authority of the signatory before relying upon the contents of this communication by visiting https://www.tridentindia.com/authority-matrix/ or may write to us on [email protected].
==> picture [525 x 49] intentionally omitted <==
14/01/2025
TL/2025/056289