India Value Fund IV has sold a little over six lakh shares or 1.8 per cent stake in TD Power Systems. The fund house has offloaded 2.52 lakh shares on the NSE at an average price of Rs 201.05 a share and 3.48 lakh shares on the BSE at Rs 201.01. As of December 31, India Value Fund held 3.67 per cent stake in TD Power Systems.
TD Power Systems is one of the leading manufacturers of AC Generators with output capacity in the range of 1MW to 52MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. It focuses on manufacturing custom-designed generators for its customers who are based across the world.