Textile firm Trident to raise Rs 11 billion

Textile firm Trident to raise Rs 11 billion

Trident, a well-known textiles and paper maker, is planning to raise an amount of Rs 11 billion with NCDs and equity shares in the market.

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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