Oxbow decreased its stake in TD Power Systems Limited from 4.24% to 2.95% by selling 2,021,340 shares. The shares were valued at approximately ₹157.69 crore at a price of ₹780.10 apiece. TD Power Systems Limited underwent a 1:2 stock split on August 24, 2026.
A manufacturer of AC generators and electric motors for diverse industrial applications, TD Power Systems designs and produces heavy electrical machinery tailored to specific customer requirements and technical specifications. The company serves various sectors including power generation, manufacturing, and infrastructure by delivering customized solutions engineered for reliability and sustained performance. It operates as a specialized producer in India's heavy electrical equipment industry.
Oxbow Master Fund Ltd is a foreign portfolio investor that participates as an anchor investor in Indian SME IPOs and follow-on offerings.