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Texmaco Rail & Engineering gets nod to raise funds up to Rs 1,000 crore through QIP

15 Sep 2023 Evaluate

Texmaco Rail & Engineering has received approval from board of directors for raising of funds up to Rs 1,000 crore by way of issuance of Equity Shares through qualified institutions placement (QIP), in accordance with the applicable laws including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013, each as amended, subject to approval from the Shareholders of the Company and the receipt of such regulatory/statutory approvals as may be required. The total number of securities proposed to be issued through QIP shall be determined after fixation of Issue Price at the time of issuance of securities. The Board of Directors at its meeting held on September 15, 2023 has inter-alia, approved 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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