Titagarh Rail Systems Ltd on Wednesday said it has raised Rs 699.9 crore by issuing fresh shares to Qualified Institutional Buyers. The issue of Titagarh Rail Systems Ltd (TRSL), formerly known as Titagarh Wagons Ltd, opened on December 7 and closed on Tuesday.
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In a persistent trend, markets maintained a consolidated range, closing flat in yet another session today. Despite this, both benchmarks made a fourth consecutive weekly gain, primarily fueled by anticipations of a peaking interest rate scenario in the U.S. and Europe. In global market highlights, the Eurozone composite PMI showed a marginal uptick to 47.1 in November 2023 from a near three-year low of 46.5 in October 2023.