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The home textile manufacturer has fixed coupon rate of commercial paper at 4.15% per annum with a tenure of 62 days. The commercial paper is rated CRISIL A1+.
The company also said that the commercial paper is being listed on BSE.
Trident is a vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in home textile space in India.
On a consolidated basis, net profit of Trident rose 122% to Rs 234.59 crore on 44.1% rise in net sales to Rs 1,691.59 crore in Q2 FY22 over Q2 FY21.
Shares of Trident were trading 1.24% higher at Rs 53.15 on BSE.
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