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Fund managers: Fund managers meet TD Power management over promoters' dispute

Sources said fund managers who attended the meeting raised concerns with the company management over the lack of disclosures about the dispute between the promoters prior to the stake sale. ....

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td power: TD Power has to come clean on case against promoters: Proxy advisory firm

On June 30, promoters and promoter groups, including Khericha, Kumar, Chartered Capital, Saphire Finman Services LLP, and Hitoshi Matsuo, sold around 37.8 million shares representing 24.21% of TD Power in the open market. Promoters, who held a 58.5% stake in the company before the transaction, now hold 34.30%. ....

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Century Ply, Nexus Select, TD Power: Brokerages initiate coverage with 24% upside potential

Anand Rathi has initiated the coverage on TD Power Systems with a 'Buy' rating. It has set a target of Rs 312 on the stock based on 31.4 times FY25 earnings. ....

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tdpsl: Karnataka High Court stays transfer of 2.51 cr shares of TD Power System Ltd

The High Court of Karnataka has prevented the chairman of TD Power System, along with others, from transferring over Rs 555 crore worth of shares in the company. The good faith of Mohib Nomanbhai Khericha, a family friend of the chairman, Nikhil Kumar and TD Power s and Khericha s company, Sapphire Finman Services, has been called into question in relation to the sale of shares. ....

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Karnataka HC stays transfer of 2.51 cr shares of TD Power System Ltd

The court passed the interim order on a petition by Vijay Ravindra Kirloskar, the chairman of city-based Kirloskar Electric Company (KEC) who founded TDPSL | Bengaluru News ....

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