Business Standard

TRIL rallies 5% on buzz of stake sale by promoters

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SI Reporter Mumbai

Transformers & Rectifiers India (TRIL) has rallied more than 5% at Rs 310 on reports that the promoters of the company are talking to prospective buyers to sell a part or majority of their stake.

GE and Crompton Greaves are tipped to be potential buyers interested in picking up a stake in TRIL, a Times of India report suggests.

The stock opened at Rs 294 and hit a high of Rs 311 on the NSE. A total of 598,205 shares have changed hands on the counter till 1019 hours.

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First Published: Jun 06 2011 | 1:11 PM IST

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