Trident Lifeline Ltd Stake in Trident Mediquip Limited Decreases Following Private Placement
Trident Lifeline Ltd has seen a slight reduction in its equity holding within its subsidiary, Trident Mediquip Limited (TML), following the completion of a private placement of equity shares to other shareholders by TML. The shareholding of Trident Lifeline Ltd in Trident Mediquip Limited stands at 58.67% after the transaction.The private placement of shares was undertaken by Trident Mediquip Limited, which is a subsidiary of Trident Lifeline Limited and falls under related party transactions, as the transaction was conducted on an arm's length basis.
Trident Mediquip Limited operates in the Medical Device Industry. The company, incorporated under the Companies Act, 2013, has an Authorized Share Capital of Rs. 10,00,00,000/- and a Paid-up Share Capital of Rs. 10,00,00,000/-, with a turnover of 27.31 Cr.
A summary of the holding details is provided below:
| Particulars | Pre Holding | Post Holding |
|---|---|---|
| Shareholding / Control Acquired | 58.84% | 58.67% |
Trident Mediquip Limited Profile
The company, which operates within the Medical Device Industry, has maintained consistent growth in turnover across recent financial years. The company was incorporated on October 19, 2019, and currently maintains its presence in India.Financial details and operational structure of Trident Mediquip Limited:
| Parameter | Details |
|---|---|
| Entity Name | TRIDENT MEDIQUIP LIMITED |
| Industry | Medical Device Industry |
| Authorized Share Capital | Rs. 10,00,00,000/- (1,00,00,000 Equity Shares of Rs.10/- each) |
| Paid-up Share Capital | Rs. 10,00,00,000/- (1,00,00,000 Equity Shares of Rs.10/- each) |
| Turnover | 27.31 Cr |
Historical Performance Snapshot
The turnover of Trident Mediquip Limited over the past three financial years shows a steady increase:| Financial Year | Turnover (Cr) |
|---|---|
| Financial Year 2023-24 | 20.58 |
| Financial Year 2024-25 | 21.29 |
| Financial Year 2025-26 | 27.31 |
Stock Price Movement
Trident Lifeline Ltd shares closed on a Tuesday, settling at ₹246.45 after dropping 3.14%. The stock demonstrated considerable intraday volatility, trading between a low of ₹245.00 and a high of ₹254.65.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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