19-Aug-2026      21:51

Texmaco Rail invests Rs 6.88 crore in subsidiary Texmaco Defence, welcoming a new investor

Texmaco Rail & Engineering Limited announced an investment of Rs 6,88,00,000 in its subsidiary, Texmaco Defence Technologies Ltd (“TDTL”), by subscribing to 6,88,000 equity shares, changing TDTL’s status from a wholly-owned subsidiary to a subsidiary with Texmaco Rail & Engineering Limited holding 70% stake, while a new investor, VAGUS DEF TECH & AEROSPACE FUND -1, acquired a 30% stake at the same rate.

News source: Capital Market - Live News