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

ReutersSep 2, 2025 8:27 AM

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

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