Corporate Action12 Oct 2026, 10:10 pm
TD Power Systems Raises ₹600 Cr via QIP
AI Summary
TD Power Systems Limited has successfully completed a Qualified Institutions Placement (QIP), raising ₹599,99,99,625 (₹599.99 Crore) by issuing 77,41,935 equity shares at ₹775 per share. The issue, which opened on October 7, 2026, and closed on October 12, 2026, was approved by the Fund Raising Committee of the Board. This issuance has increased the company's paid-up equity share capital to ₹32,14,48,795. The QIP was conducted under SEBI regulations, with a slight discount of 0.05% to the floor price. Key allottees include various mutual funds such as Axis Mutual Fund, Canara Robeco Mutual Fund, ICICI Prudential Mutual Fund, Mirae Asset Mutual Fund, and Aditya Birla Sun Life Mutual Fund.
Key Highlights
- TD Power Systems raised ₹599.99 Crore through a Qualified Institutions Placement.
- 77,41,935 equity shares were issued at ₹775 per share.
- The QIP was completed between October 7 and October 12, 2026.
- Paid-up equity share capital increased to ₹32.14 Crore.
- Major mutual funds were among the key allottees.
Price Impact
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