Fund managers meet TD Power management over promoters’ dispute

Mumbai: A clutch of institutional investors, including HDFC Asset Management Company and Aditya Birla Sunlife AMC, met with the management of Bangalore-based engineering services company TD Power Systems (TDPS) last week to discuss a dispute between the company’s promoters.

The spat within the promoter group had led to a faction selling TD shares in the open market that were acquired by some institutional investors.