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 consolidated net profit rises 637.14% in the December 2021 quarter
 ( Results - Announcements 07-Feb-22   16:44 )
  Transformers & Rectifiers (India)
 ( Analyst Meet / AGM - Conference Call 12-Aug-23   10:07 )
  Transformers & Rectifiers India consolidated net profit rises 167.44% in the December 2022 quarter
 ( Results - Announcements 06-Feb-23   16:14 )
  Transformers & Rectifiers India consolidated net profit rises 342.68% in the March 2024 quarter
 ( Results - Announcements 09-Apr-24   07:41 )
  Transformers & Rectifiers India to convene board meeting
 ( Corporate News - 01-Apr-24   09:35 )
  Board of Transformers & Rectifiers India recommends final dividend
 ( Corporate News - 09-Apr-24   09:05 )
  Transformers and Rectifiers gains on bagging orders worth Rs 123 cr
 ( Hot Pursuit - 29-Dec-22   15:28 )
  Transformers & Rectifiers India to convene board meeting
 ( Corporate News - 06-Aug-19   17:43 )
  Transformers & Rectifiers India to hold board meeting
 ( Corporate News - 28-Jan-16   12:50 )
  Transformers & Rectifiers India certified as Two Star Export House
 ( Corporate News - 08-Jul-21   12:23 )
  Transformers & Rectifiers India allots 1 cr equity shares on preferential basis
 ( Corporate News - 13-Oct-23   12:44 )
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