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Corporate News

Latest News about business and investments.

TD Power Systems allotted shares to qualified investors for Rs 599.99 crore, increasing capital

12-Oct-26 23:02Hrs IST

TD Power Systems Limited announced the allotment of 77,41,935 equity shares to eligible qualified institutional buyers at an issue price of Rs 775 per share, totaling Rs 599,99,99,625, including a discount of 0.05% to the floor price. The company's paid-up equity share capital increased from Rs 31,37,06,860 to Rs 32,14,48,795 following the allotment, and a list of allottees holding more than 5% of the shares is included in Annexure A, which includes entities such as Axis Mutual Fund Trustee Limited, Canara Robeco Mutual Fund, and Mirae Asset.

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