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Texmaco Rail & Engineering gets nod to raise Rs 500 crore

18 Jul 2023 Evaluate

Texmaco Rail & Engineering has received approval for raising of funds upto Rs 500 crore, by way of issuance of one or more instruments, including equity shares, preference shares, convertible securities, non-convertible securities, warrants, etc, either by way of preferential issue, rights issue, qualified institutional placement, follow on public offer, or a combination thereof, or through any other mode, as may be permitted under applicable laws, subject to shareholders approval and such other approvals as may be required under applicable laws. The Board of Directors at its Meeting held on July 17, 2023, has given its in-principle approval for the same. 

Texmaco Rail & Engineering operates in two business segments: heavy engineering division and steel foundry division. It manufactures a diverse range of products, such as railway freight cars, and hydro-mechanical equipment.


Texmaco Rail & Eng. Share Price

106.04 2.44 (2.36%)
17-Apr-2026 16:59 View Price Chart
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