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Titagarh Wagons informs about Outcome of Board meeting

13 Aug 2015 Evaluate

Titagarh Wagons has informed that the Board of Directors of the Company at its meeting held on August 12, 2015, has approved in-principle, merger of some of the subsidiaries including, Titagarh Marine Limited (TML) with the Company subject to necessary compliances In this regard and authorised the Merger & Acquisition Committee to get a detailed Scheme and other data prepared on the subject for further consideration of the matter; and Recommended dividend at the rate of 40% on the Equity Shares of Rs 2 each fully paid up subject to declaration by the shareholders at the ensuing Annual General Meeting.

The above information is a part of company’s filings submitted to BSE.

Titagarh Railsystems Share Price

741.05 3.85 (0.52%)
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