TD Power Systems raises Rs600 Crore through QIP, allotting 77.42 lakh shares at Rs775 each
India, Oct. 13 -- Every data center, hydro dam and gas power plant has one unglamorous machine at its heart: a generator that turns spinning force into usable electricity. The world is short of them, and not for lack of demand. Building these machines takes specialised engineering, long lead times and a skilled workforce that can't be hired overnight. That is the backdrop for this fundraiser.
Shares of TD Power Systems Ltd. were trading at Rs. 794.80, down 3.72% from previous close of Rs. 825.65. The stock opened at Rs. 830.00 and reached an intraday high of Rs. 832.00 and low of Rs. 793.25. The company currently has a market capitalization of Rs. 24, 896 crores.
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