Texmaco Rail & Engineering has entered into Shareholders’ Agreement & Share Purchase Agreement (‘Agreements’) with Saira Asia Interiors & its existing Shareholders on June 4, 2024 and subsequent to acquisition of shares under such Agreements, Saira Asia will be a subsidiary of the company with 51% Shareholding.
The acquisition will make the company a comprehensive mechanical partner in Commuter Mobility Segment (Car body shell and interiors) and will provide competitive edge by offering comprehensive solutions that address the evolving demands of the Railway sector. Cost of acquisition is Rs 9 crore. The said acquisition is expected to be completed in 90 days.
Texmaco Rail & Engineering is a private engineering and infrastructure company based in India. It is primarily engaged in the business of manufacturing railway wagons, coaches, and locomotives, as well as providing related services.
| Company Name | CMP |
|---|---|
| Texmaco Rail & Eng. | 106.04 |
| Jupiter Wagons | 286.15 |
| Titagarh Railsystems | 741.05 |
| Jessop & Co | |
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