India's Trident rises after 2.5 bln rupee investment into unit to counter U.S. tariffs

Trident

02/09/2025 09:27

** Shares of Trident TRIE.NS jump 3% to 28 rupees

** Textile firm's board approves investment of up to 2.5 billion rupees in Trident Global aiming to strengthen its domestic brand presence

** Move will leverage existing manufacturing and mitigate geopolitical risks like U.S. tariffs, co says

** Last week, India extended an import duty exemption on cotton until the end of December to support local garment industry that has been hit by 50% U.S. tariffs

** Stock down 15% YTD

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))