TRF has raised Rs 74 crore from Tata Steel. In this regards, the Committee of Directors, as authorized by the company's Board of Directors, at its meeting held on March 1, 2023 approved the allotment of 7,40,00,000, 12.17% (effective yield) non-cumulative, non-convertible, non-participating, redeemable preference shares of face value Rs 10 each, at par, for consideration in the form of cash, aggregating to Rs 74 crore, (NCRPS Tranche-II) to Tata Steel, on private placement basis. The said NCRPS will be unlisted.
TRF has been engaged in the business of designing & manufacturing of the Bulk material handling systems and equipments for core sector industries such as power, ports, steel, mining and cement for projects undertaken on Turnkey basis.
Company Name | CMP |
---|---|
BHEL | 292.65 |
Bharat Electronics | 235.10 |
Thermax | 4689.50 |
Kirloskar Oil Eng | 1022.75 |
Praj Industries | 545.00 |
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