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 |
---|---|
Titagarh Railsystems | 1042.40 |
Texmaco Rail & Eng. | 187.00 |
Jupiter Wagons | 411.15 |
Jessop & Co | |
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