Texmaco to raise Rs150 cr through preferential issue

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Kolkata, Feb 28 (PTI) Texmaco Rail & Engineering Ltd announced that its board of directors has approved the raising of Rs 150 crore fund from the promoter group and a non-promoter entity...

The fund will be raised through a preferential issue of convertible warrants to group companies, subject to approval, it said...

The company will issue warrants worth Rs 75 crore to the non-promoter entity Samena Green Ltd, while a similar amount of warrants will be issued to Adventz Finance Private Ltd, which is the promoter group firm...

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