Trident Lifeline Subsidiary Private Placement Reduces Parent Stake to 58.84%

Trident Lifeline Ltd announced that its subsidiary, Trident Mediquip Limited (TML), has completed a private placement of equity shares. Following this placement, Trident Lifeline's shareholding in TML has decreased from 59.17% to 58.84%. The transaction involved related parties, including directors' relatives, but was conducted on an arm's length basis. TML operates in the Medical Device Industry with a reported turnover of ₹27.31 Cr for FY26.