Announced Tue, 21 Jul · 19:12 IST
Hind Rectifiers allots equity shares to Tata Mutual Fund via preferential issue
Fund Raising View source PDF
HIRECT · price
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Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹1319.90
prior close
₹1350.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.6-2.6-2.9-2.7-2.0-1.5+1.0———————
Up moveDown movePending
AI summary
Hind Rectifiers has allotted 10,86,366 equity shares at about Rs 920.50 each to Tata Small Cap Fund via preferential issue, raising approximately Rs 100 crores. Board approval was on May 16, 2026, followed by shareholder approval via postal ballot on June 15, 2026. Allotment was completed on July 21, 2026.
Likely market impact
Raises about Rs 100 crore from a reputed institutional investor; brings dilution for existing shareholders but adds growth capital.