Texmaco Rail Ltd raised Rs. 250 cr via QIP

On Wednesday, Texmaco Rail Limited raised Rs. 250 cr via its Qualified Institutional Placement (QIP). 

QII issue

Texmaco Rail has issued a total of 1.61 crore shares. It was issued at a 4.84% discount at Rs. 155 per share from Rs. 162.88 per share. 

Texmaco Rail Share details 

49.60% of shares were issued to Sameena Special Situations Mauritius - III. Post that, 18.20% shares have been issued to Societe Generale - ODI.

Issued to

Apart from that, 6.80% of shares have been issued to the Abu Dhabi Investment Authority. 6.40% shares have been issued to Mahindra Manulife Small Cap Fund.

Issued to

The company has also approved the plan to raise Rs. 150 cr preferential issue of convertible warrants.

New warrant issue

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