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Textile firm Trident to raise Rs 11 billion

May 18, 2021
Textile firm Trident to raise Rs 11 billion

New Delhi

Trident, a well-known textiles and paper maker, is planning to raise an amount of Rs 11 billion through Non-convertible Debentures (NCDs) issues and equity shares in the market. According to the company, the board has approved that Rs 6 billion can be raised by issuing Non-convertible Debentures by way of public or private offering and Rs 5 billion can be raised by equity shares by way of a public or private offering, including QIP.

The board of the company has made some changes in the designations. The board also approved the appointment of Naveet Jindal, who will play the role of CEO for Paper, Energy, and Chemicals business of the company, whereas Swapan Nath will play the CEO of Budhni Location. As per the company, resignation of Pallavi Shroff has been approved by the board and Usha Sangwan is the new director now.  It has also informed BSE that Rajiv Dewan is the new Chairman of the company.

Source: Money Control

Image Source: Wikipedia

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