Board of Transformers & Rectifiers India approves fund raising and stock split

At meeting held on 03 August 2017

Transformers & Rectifiers India announced that the Board of Directors at its meeting held on 03 August 2017 transacted the following -

To obtain enabling approvals, from the shareholders for issuance of equity shares, and/or equity linked securities and/or securities convertible into equity shares through qualified institutional placement or preferential allotment for an amount not exceeding Rs 250 crore, subject to approval of members in AGM.

Sub-division of equity shares of the Company from face value of Rs 10 per share to Rs 1 per share, subject to approval of members.

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