HARDIK DESAI FAMILY TRUST ACQUIRES SHARES IN TRIDENT TEXOFAB LIMITED

HARDIK DESAI FAMILY TRUST ACQUIRES SHARES IN TRIDENT TEXOFAB LIMITED​

HARDIK DESAI FAMILY TRUST, operating as a Promoter Group entity, has increased its holding in Trident Texofab Limited through an open market acquisition. The trust’s stake in the textile company has risen following the recent transaction.

The acquisition involves HARDIK DESAI FAMILY TRUST, which belongs to the Promoter Group, acquiring shares in Trident Texofab Limited. The target company, Trident Texofab Limited, is listed on the BSE Ltd.

Prior to the acquisition, HARDIK DESAI FAMILY TRUST held 10,19,691 shares in Trident Texofab Limited, representing a 6.79% holding.

The trust acquired 1,018,591 shares of Trident Texofab Limited through the open market.

Following the acquisition, HARDIK DESAI FAMILY TRUST’s holding increased to 10,33,691 shares, maintaining a 6.89% stake in Trident Texofab Limited.

The financial structure of the target company before the acquisition was reported as an equity share capital of Rs. 1,49,57,640, comprising 1,31,640 equity shares of Rs. 10/- each. After the acquisition, the total diluted share and voting capital of the company stands at Rs. 14,90,57,640, comprising 1,31,640 equity shares of Rs. 10/- each.

Stock Price Movement​

As of 10:14, Trident Texofab Ltd shares are ticking up at ₹23.03 after gaining 0.92%. The stock traded within a tight intraday range, remaining above the low of ₹22.95 but below its high of ₹23.89.