Madhu Kela portfolio: Ace investor buys 3.91% stake in multibagger stock that has surged 150% in YTD
Multibagger stock: Ace investor Madhu Kela has bought fresh stake in multibagger stock Transformers and Rectifiers (India) Ltd. As per the latest exchange filing by the small-cap multibagger stock, Madhu Kela has been allotted 55,78,111 company shares from the share allotment committee of the company.
The alloted these shares out of the 10,00,001 preferential shares issued by the company to raise ₹1,20,00,01,320 fund. These preferential shares were offered at ₹120 apiece.
This means Madhu Kela has invested ₹66,93,73,320 in this multibagger stock. Multibagger stock informed Indian stock market exchanges about allotment of preferential shares to Madhu Kela citing, "Subject to the approval of shareholders of the Company and such other regulatory/ governmental authorities as may be required, the Board has approved to create, offer and issue up to 1,00,00,011 Equity shares of face value of Rs.
1/ (Rupees One Only) each at an issue price of Rs. 120/- per equity shares on a preferential basis through private placement (Preferential Issue) to the persons/proposed allottee belonging to Non Promoter Category, in accordance with the provisions of the Companies Act, 2013 and the rules made there under, Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and SEBI LODR Regulations, on such terms and conditions as may be determined by the Board." As per the latest exchange communication of the company, Madhu Kela has been alloted 55,78,111 company shares, which is 3.91 per cent of total paid up capital of the company.
He got these shares out of the 10,00,001 preferential shares offered by the company in its latest fund raise drive. As these shares were offered at
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