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TD Power Systems allotted shares to institutional buyers for Rs 599.99 crore, increasing capital
12-Oct-2026, 11:02
TD Power Systems Limited announced the allotment of 77,41,935 equity shares to eligible qualified institutional buyers at an issue price of Rs 775 per share, totaling Rs 599,99,99,625, including a discount of 0.05% to the floor price. The company’s paid-up equity share capital increased from Rs 31,37,06,860 to Rs 32,14,48,795 following the allotment, and a list of allottees who were allotted more than 5% of the equity shares is attached as Annexure A, which includes AXIS MUTUAL FUND TRUSTEE LIMITED, CANARA ROBECO MUTUAL FUND, ICICI PRUDENTIAL FLEXI CAP FUND, MIRAE ASSET LARGE & MIDCAP FUND, and ADITYA BIRLA SUN LIFE MUTUAL FUND.