Investment21 Jul 2026, 07:20 pm
Hind Rectifiers Allots 10.86 Lakh Shares to Tata Mutual Fund
AI Summary
Hind Rectifiers Limited announced the allotment of 10,86,366 equity shares at an issue price of ₹920.50 per share to Tata Mutual Fund (Small Cap Fund) via preferential issue. This move, approved by the Board of Directors and members, raises ₹100 crore. The allotment is in accordance with SEBI regulations and the Companies Act, 2013. The transaction involves a non-promoter institutional investor.
Key Highlights
- Allotment of 10,86,366 equity shares approved.
- Issue price fixed at ₹920.50 per share.
- Tata Mutual Fund (Small Cap Fund) is the allottee.
- Total funds raised amount to ₹100 crore.
- Transaction is a preferential issue for cash consideration.
Price Impact
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