Transformers and Rectifiers (India) Limited announced a private placement to issue 1,000,011 equity shares having face value of INR 1 per share at an issue price of INR 120 per share for the aggregate gross proceeds of INR 120,000,120 on September 11, 2023. The transaction will include participation from individual investors such as Madhuri Madhusudan Kela, Tushar Bohra, Sumit Bhalotia, Siddharth Shah, Sunny Gosar and by new investors, Cohesion MK Best Ideas SubTrust and Anantroop Financial Advisory Services Private Limited.