Transformers & Rectifiers (India) has received approval for opening of the qualified institutional placement (QIP) of equity shares with the floor price of Rs 699.95 per share. The Allotment Committee of the company at its meeting held on June 10, 2024 has authorized and declared the opening of the issue.
Earlier, the board of directors of the Company, at its meeting held on April 8, 2024, and the shareholders of the Company, pursuant to the special resolution passed in the annual general meeting held on May 13, 2024, approved the said QIP.
Transformers & Rectifiers (India) is engaged in the manufacture of a wide range of transformers.
