Held on 26 November 2014
Texmaco Rail & Engineering announced that in respect of issue of Equity Shares to Qualified Institutional Buyers pursuant to the QIP, the Committee of the Directors of the Company has, as its meeting held on 26 November 2014, pursuant to the board and shareholder resolutions dated 21 July 2014 and 04 September 2014, passed resolutions approving allotment of Shares.The Company has allotted 2,80,37,383 equity shares of Re 1 each at a price of Rs 107 per equity share including premium of Rs 106 per share, aggregating approximately Rs 300 crore to QIBs.
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