Transformers & Rectifiers (India) has received an approval for issuance of equity shares, and/or equity linked securities and/or securities convertible into equity shares through Qualified Institutional Placement (QIP) or preferential allotment for an amount not exceeding Rs 250 crore. The board of directors at its meeting held on August 3, 2017 has approved or the same. The above is subject to obtain enabling approvals from the shareholders.
Transformers and Rectifiers (India) is one of India’s leading transformer manufacturers. The company is the main supplier of transformers to the Sardar Sarovar hydel project, state electricity boards and major international clients.
