Texmaco Rail & Engineering has received approval for the Scheme of Amalgamation between Bright Power Projects (India) and Texmaco Hi-tech into and with the company with effect from April 1, 2017, i.e., the Appointed Date. The Board has accepted the recommendation of the Audit Committee. Besides, the Audit Committee of the Company has upon its review and consideration of the valuation report dated September 18, 2017 issued by Deloitte Haskins & Sells, Independent Chartered Accountant and the fairness opinion dated September 18, 2017 issued by lCICI Securities, Merchant Banker,recommended the Scheme to the Board.
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.
| Company Name | CMP |
|---|---|
| Texmaco Rail & Eng. | 106.04 |
| Jupiter Wagons | 286.15 |
| Titagarh Railsystems | 741.05 |
| Jessop & Co | |
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