Tarapur Transformers IPO : files DRHP with SEBI

by khalid on 05/12/2009 · 0 comments

Tarapur Transformers is a subsidiary of Bilpower. The company has filed a draft red herring prospectus (DRHP) for its proposed IPO, with the market regulator Securities Exchange Board of India (SEBI). The issue size would be around Rs 55 to 60 crore.

Bilpower holds 71% stake in Tarapur Transformers. The proceeds of the IPO would be used for expansion of plant in Pali, Wada.

Tarapur Transformers share’s CMP is Rs 185 on 4th Dec 09.

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