Teaxmaco has increased its stake in Kalindee Rail Nirman (Engineers) by acquiring 12.43% stake in the company via open offer. Following acquisition, Texmaco’s stake in the company has increased to 37.33% from 24.90%.
As on September 30, 2013, the promoters holding in the company stood at 11.83% while Institutions and Non-Institutions held 0.65% and 87.52% respectively.
Kalindee Rail Nirman popularly known as “KALINDEE”, stands as the forerunner in the execution of the major Railway Signaling & Telecommunication projects in India. Dedicated and sincere work has earned it a good reputation.
