Transformers and Rectifiers India Approves ₹7.50 Billion QIP and 1:1 Bonus Shares

Transformers and Rectifiers (India) Ltd has taken significant steps to enhance its financial position by approving a Qualified Institutional Placement (QIP) of up to ₹7.50 billion. This decision aims to bolster the company's capital for future growth initiatives. Additionally, the board has approved a 1:1 bonus equity share issue, rewarding existing shareholders and increasing market liquidity. These moves reflect the company's confidence in its operational strength and commitment to maximizing shareholder value.

This Stock is trading at Rs1214 at 14.04 hrs

Source: Economic Times, Moneycontrol