Texmaco Rail and Engineering Eyes Rs 250 Crore Raise Through QIP, Plans Equity Dilution of 4.21%: Sources

According to sources cited by CNBC-TV18, Texmaco Rail and Engineering is reportedly considering launching a Qualified Institutional Placement (QIP) to raise Rs 250 crore. The company is anticipated to offer approximately 4.21 percent equity to garner funds at an indicative price of Rs 155 per share for the QIP. This indicative price, signaling a discount of over 6 percent from Texmaco Rail’s recent closing price, has been mentioned in the report.