Comments
The board of Transformers and Rectifiers (India) has approved raising ₹125 crore through a qualified institutional placement or preferential allotment. The company will seek shareholders’ nod for the fund-raising. All eyes will be on the issue size, floor price and actual issue price. The company has posted a standalone profit of ₹75 lakh for the quarter ended June 30, 2016, against a loss of ₹12.49 crore in the year-ago period.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.