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TD Power Systems allotted shares to institutional buyers for Rs 599.99 crore, increasing capital
(23:02, 12 Oct 2026)

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.