Texmaco Rail & Engineering, India’s leading freight car manufacturers and diversified engineering company, has raised Rs 300 crore by issuing shares of qualified institutional buyers (QIB). The company has allotted 28.04 million equity shares of Re 1 each at a price of Rs 107 per equity share including premium of Rs 106 per share, aggregating approximately Rs 300 crore to QIBs.
Texmaco Rail & Engineering is one of India’s leading freight car manufacturers and diversified engineering company. The company is the largest supplier of wagons to the Indian Railways in India with strong in-house capabilities for the design and manufacture of special purpose wagons.
