On January 8, 2024, Transformers and Rectifiers Ltd disclosed that its board of directors has approved the issuance of one bonus share for every one share held (1:1) by its shareholders. This marks the company’s first bonus issue since 2013 when it announced 1 bonus share for every 9 shares held by shareholders. The record date for the bonus share issue has not yet been determined.

Fundraising Via QIP

In addition to the bonus issue, Transformers and Rectifiers has approved a fundraising plan. The company aims to raise ₹750 crore by selling shares to eligible institutions via the Qualified Institutional Placement (QIP) route.

Transformers and Rectifiers Q3 FY25 Results

For the December quarter, the company reported a net profit of ₹55 crore, a significant increase compared to ₹15.6 crore in the same quarter last year. This growth was partly driven by a ₹7 crore rise in other income. The company’s revenue for the quarter surged by 51.5% year-on-year, reaching ₹559.4 crore.

The company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) stood at ₹84.8 crore, up from ₹35.6 crore in the previous year. EBITDA margin also expanded to 15.2%, up from 9.6% during the same period last year.

On January 9, 2025, Transformers and Rectifiers shares opened at ₹1,220.00 and hit the lower circuit at ₹1,185.15 at 09:20 AM.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

On January 8, 2025, GTT Data Solutions Limited, formerly known as Cinerad Communications Limited, announced through an exchange filing that it had fixed January 14, 2025, as the record date. This date will determine whether the shareholders are eligible to apply for equity shares in the proposed rights issue.

GTT Data Solutions Rights Issue Details

On December 14, 2024, the Rights Issue Committee, constituted by the Board of Directors, approved the issuance of partly paid-up equity shares. These shares will have a face value of ₹10 each and will be offered to the members of the company as of the record date, which is to be finalised. The rights issue will aggregate up to ₹49.99 crore, with the exact number of shares and issue price (including any premium) to be determined by the Board or Rights Issue Committee.

Latest Acquisition by GTT Data Solutions

GTT Data Solutions Limited entered into a Share Purchase Agreement (SPA) on December 31, 2024, for the acquisition of up to 10,000 equity shares of ₹10 each of CRG Solutions Private Limited. These shares represent 100% of the paid-up equity share capital of CRG. The total consideration for this acquisition is approximately ₹72 Crores, which may be settled either by cash payment via bank remittance or by the issue and allotment of new equity shares of GTT Data Solutions to the sellers. However, the total number of shares allotted to the sellers will not exceed 24% of the company’s outstanding paid-up capital.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.