GE Vernova T&D India Ltd News

GE Vernova hits 5% lower circuit as promoter begins selling stake via OFS

The selling pressure in the stock can be attributed to the company's promoter Grid Equipments selling up to 8.38 per cent stake through an offer for sale (OFS)

Grid Equipments to divest 8.38% stake in GE Vernova T&D through OFS

Grid Equipments, the promoter of GE Vernova T&D India, on Monday said it will divest up to 8.38 per cent of its holding in the company through an offer for sale (OFS) mechanism. The proposed OFS will open on Tuesday and conclude on Wednesday. The sale will involve a base offer of 1.4 crore equity shares (5.47 per cent of paid-up equity) with an option to oversubscribe by an additional 74.51 lakh shares (a 2.91 per cent stake), collectively amounting to 2.14 crore shares, amounting to an 8.38 per cent with a face value of Rs 2 each. The seller has fixed a floor price of Rs 1,550 per share. The transaction will be executed through a separate trading window on the BSE and the NSE, the company said in a regulatory filing exchanges. On November 26, non-retail investors will have the opportunity to bid during trading hours, with the option to carry forward unallocated bids to the second day. Retail investors and eligible non-retail bidders can participate on November 27, with 10 per ...

GE T&D stock hits 5% lower circuit as promoters begin stake sale via OFS

Promoters propose to sell an 11.7 per cent stake in the company equivalent to 30,000,000 equity shares via OFS on September 19 and 20

GE T&D shares jump over 4% after bagging multiple orders; check details

GE T&D India share price surged up to 4.44 per cent at Rs 1,800 per share on the BSE in Thursday's intraday deals

GE T&D India Q1 results: Net profit grows to Rs 134.5 cr on higher income

GE T&D India on Wednesday reported a multi-fold rise in its net profit to Rs 134.5 crore during the June 2024 quarter, mainly on account of higher income. It had posted a net profit of Rs 28.2 crore in the April-June quarter of the preceding 2023-24 fiscal, the company said in a regulatory filing. The company's total income rose to Rs 970.1 crore from Rs 729.5 crore a year ago. During the period under review, expenses stood at Rs 790.2 crore against Rs 690.9 crore in FY24. GE T&D India is a leading player in the power transmission and distribution business.

GE T&D India hits 52-week high on securing orders worth 90 million euros

The company has secured an order worth 26 million euros from Dubai-based Grid Solutions Middle East FZE