ReutersReuters

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

RefinitivCzytanie zajmuje mniej niż 1 minutę

** Shares of Trident TRIDENT 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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