Lotus Hometextiles Limited intended to acquired Trident Global Corp Limited from Trident Limited for approximately INR 370 million.

Lotus Hometextiles Limited intended to acquired Trident Global Corp Limited from Trident Limited for approximately INR 370 million on July 27, 2023. Trident Global Corp Limited has reported a revenue of INR 3.49 billion for FY 2022. The Board at its meeting on July 27, 2023 has granted in-principle approval for the disposal of stake.

As on September 6, 2023, the agreement for sale of equity shares of Trident Global Corp Limited (?TGCL?) has been executed between Trident Limited and Lotus Hometextiles Limited. The expected date of completion of sale will be on or before October 06, 2023.