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Texmaco to raise Rs150 crore through preferential issue

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

Texmaco to raise Rs150 cr through preferential issue

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.

Texmaco Rail may gain after Board approves proposal to raise Rs 150 crore

In the last one year, Texmaco Rail stock has delivered multibagger returns of 344 percent, more than quadrupling investors money.