Titagarh Rail Systems is all set to raise around Rs 200 crore through a preferential allotment of 21,16,402 convertible warrants to members of its Promoter Group. The Board of Directors of the company in their meeting held on July 9, 2025, have approved the same. The company will issue 21,16,402 warrants, each convertible into one equity share of face value Rs 2, at a floor price of Rs 945 per warrant. The conversion period for the warrants is of 18 months from allotment.
Proceeds from the issue will be deployed for planned investment in state-of-the art plant and machinery, supporting working capital to enhance chances of new order wins, investing in technology and automation for future?ready rail solutions and other permissible general corporate and administrative purposes.
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. | 102.57 |
| Jupiter Wagons | 278.50 |
| Titagarh Railsystems | 759.95 |
| Jessop & Co | |
| View more.. | |
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