Hot Pursuit     11-Jun-24
Transformers & Rectifiers hits the roof on launching QIP; floor price at Rs 699.95/share
Transformers And Rectifiers (India) was locked in upper circuit of 5% at Rs 769.15 after its board approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 699.95 per share.
The company's board authorized and declared the opening of the issue on Monday, 10 June 2024.

The floor price of Rs 699.95 is at a discount of 4.45% to the previous day's closing price of Rs 732.55 on the BSE.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue.

Transformers & Rectifiers (India) produces transformers for both domestic and international markets.

The company reported a consolidated net profit of Rs 41.62 crore in Q4 FY24, steeply higher than Rs 9.6 crore in Q4 FY23. Revenue from operations increased 16.96% to Rs 512.7 crore in Q4 FY24.

Previous News
  Transformers & Rectifiers India allots 75.18 lakh equity shares under QIP issue
 ( Corporate News - 14-Jun-24   14:07 )
  Transformers & Rectifiers India schedules board meeting
 ( Corporate News - 08-Sep-23   10:20 )
  Transformers & Rectifiers India consolidated net profit rises 637.14% in the December 2021 quarter
 ( Results - Announcements 07-Feb-22   16:44 )
  Transformers & Rectifiers India reports consolidated net loss of Rs 12.61 crore in the June 2023 quarter
 ( Results - Announcements 11-Aug-23   07:49 )
  Transformers & Rectifiers India to convene board meeting
 ( Corporate News - 07-Feb-20   17:34 )
  Transformers & Rectifiers India AGM scheduled
 ( Corporate News - 07-Jul-22   10:53 )
  Transformers & Rectifiers India to hold board meeting
 ( Corporate News - 01-Aug-22   10:12 )
  Transformers and Rectifiers hits the roof on Rs 232-cr order win
 ( Hot Pursuit - 26-Feb-24   11:30 )
  Transformers & Rectifiers India reports consolidated net profit of Rs 1.33 crore in the December 2019 quarter
 ( Results - Announcements 15-Feb-20   08:51 )
  Transformers & Rectifiers (India)
 ( Results - Analysis 14-Feb-18   21:31 )
  Transformers & Rectifiers India gets reaffirmation of credit ratings for bank facilities
 ( Corporate News - 03-Aug-16   15:40 )
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