TD Power Systems seeks approval for a qualified institutions placement of equity shares Back

<p>TD Power Systems Limited has received approval from its Fund Raising Committee to launch a qualified institutions placement (QIP) of equity shares with a floor price of Rs 775.35 per share, according to a regulatory filing on October 7, 2026. The company may offer a discount of up to 5% on the floor price, and the issue price will be determined in consultation with the lead manager, while the ‘relevant date’ for the QIP has been fixed at October 7, 2026.</p>