Multibagger Stock: Noted investor Madhu Kela bought a new stake of 3.91% in Multibagger Stock Transformers & Rectifiers (India) Ltd. As per an exchange filing, Madhu Kela has been allotted 55,78,111 shares of the company from the Share Allotment Committee. These shares were allotted out of 10,00,001 preference shares issued by the company to raise funds worth ₹1,20,00,01,320. That means Madhu Kela has invested ₹ 66,93,73,320 in this multibagger stock. Shares of the company fell nearly 8% on Tuesday to Rs. closed at 141.50.
Madhu Kela Shareholdings
According to an exchange communication, Madhu Kela has been allotted 55,78,111 shares of the company, which is 3.91 per cent of the total paid-up capital of the company. He got these shares out of 10,00,001 preference shares offered by the company in its latest fundraising campaign. As these shares were offered at ₹120 per share, Mahdu Kela’s total investment in the company in this fundraising initiative is ₹66,93,73,320.
Company share price
This multibagger stock has given excellent returns to its shareholders in the post-Covid rebound. According to Transformers & Rectifiers (India) stock price history, this small-cap touched a level of around ₹5.50 per share and has been an ideal stock for stock market investors ever since. In the last three years, this multibagger stock has risen from a level of around ₹5.50 per share to a level of ₹145 per share. It has returned approximately 2,500 percent during this period. This multibagger stock has returned more than 250 percent in the last one year, while in YTD time, small-cap stocks have returned more than 150 percent to its shareholders.