Titagarh Rail Systems’ (TRSL) JV-SPV -- Shivaliks Mercantile (Shivaliks) has acquired 28.23% additional stake in the equity share capital of Titagarh Firema S.p.A, Italy (Firema), an associate company of TRSL on February 21, 2024 for a consideration in cash aggregating Euro 20.21 million (equivalent to Rs 180.33 crore), to grow capabilities and capacities for various products in India and globally (Business). Following the aforesaid acquisition, the total shareholding of Shivaliks in Firema has gone up to 34.59%.
Titagarh Rail Systems is formerly known as Titagarh Wagons. The company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Steel Castings, Specialised Equipments & Bridges, Ships, Heavy Earthmoving and Mining Equipments, etc.
| Company Name | CMP |
|---|---|
| Texmaco Rail & Eng. | 106.04 |
| Jupiter Wagons | 286.15 |
| Titagarh Railsystems | 741.05 |
| Jessop & Co | |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: