Midas Alpha - TD Power Systems Ltd. | Insight

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Midas Alpha - TD Power Systems Ltd.

Midas Equities and Research

11 September 2026

3 min read

Midas Alpha - TD Power Systems Ltd.

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Spark Capital Advisors (India) Private Limited (SCA) has gone through a process of reorganisation in 2022 and demerged its institutional equities business (stock broking license and research analyst license) to Spark Institutional Equities Private Limited (SIEPL) through a Composite Scheme of Demerger. Further the shares of SIEPL have been bought by Avendus Capital Private Limited with effect from December 20, 2022. SCA, its affiliates and its related parties, do not have any connection or relation with SIEPL

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Midas Alpha - TD Power Systems Ltd. | Insight