TD Power Systems approves allocation of 7.74 million shares
TD Power Systems approved allocating 7.74 million shares at 775 rupees each, a 0.05% discount to the floor price.
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what happened
Reuters reports that TD Power Systems Ltd has approved the allocation of 7.74 million shares at an issue price of 775 rupees per share.
The approved price represents a 0.05% discount to the floor price. The report does not provide further terms of the transaction.
why it matters
The decision establishes the offering’s volume and pricing, giving investors clearer information about the operation and its potential relevance to the company’s capital structure and existing shareholders.
instruments
sources
- Td Power Systems Ltd- Approved Allocation Of 7.74 Million Shares At Issue Price Of 775 Rupees/Share — Reuters, 12 October 2026 at 14:21 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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