TD Power Systems surges as RBI increases FII limit to 100%

29 Sep 2014 Evaluate

TD Power Systems is currently trading at Rs 345.00, up by 14.70 points or 4.45% from its previous closing of Rs 330.30 on the BSE.

The scrip opened at Rs 341.00 and has touched a high and low of Rs 353.75 and Rs. 341.00 respectively. So far 638 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs 10 has touched a 52 week high of Rs. 375.00 on 09-Jun-2014 and a 52 week low of Rs 175.40 on 28-Oct-2013.

Last one week high and low of the scrip stood at Rs 350.00 and Rs. 305.00 respectively. The current market cap of the company is Rs. 1147.03 crore.

The promoters holding in the company stood at 61.73% while Institutions and Non-Institutions held 27.22% and 11.05% respectively.

Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in TD Power Systems to 100% of its paid-up capital. RBI notified that FIIs/Registered Foreign Portfolios Investors (RFPIs) can now purchase up to 100% (revised from earlier limit of 49%) of the paid up capital of TD Power Systems under the Portfolio Investment Scheme.

The company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs. The purchases could be made through primary market and through stock exchanges and would be subject to Regulation 5(2) of FEMA Notification No.20 dated May 03, 2000 (as amended from time to time) and other terms and conditions stipulated by the Reserve Bank.

TD Power Systems is one of the leading manufacturers of AC Generators with output capacity in the range of 1MW to 52MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. It focuses on manufacturing custom-designed generators for its customers who are based across the world.

TD Power Systems Share Price

410.65 0.75 (0.18%)
28-Mar-2025 16:59 View Price Chart
Peers
Company Name CMP
Siemens 5276.25
Havells India 1527.65
Apar Inds 5537.60
Waaree Energies 2446.45
ABB India 5542.55
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