In an interview to CNBC-TV18, Devendra Kumar Gupta, CFO of Transformers & Rectifiers India spoke about qualified institutional placement (QIP) and the latest happenings in the company.
He said that the company will decide about QIP at a later date.
He further said that there is no plan of QIP in near term.
"This is an enabling provision which authorises company through approval of the members to raise the funds through QIP as and when management decides during the course of the year," said Gupta.
Watch accompanying video for more details.
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