TD Power Systems Limited
Bank of America newly entered TD Power Systems with 17,47,229 shares, a 1.12% stake valued at ₹190.45 crore.
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.
US-based global bank and one of the world's largest financial institutions (USD 3+ trillion balance sheet). India FPI activity covers proprietary positions, market-making and client flows in listed Indian equities through BofA Securities and Merrill Lynch entities.