Texmaco Rail group enters into JV agreement with Trinity Rail Global Inc

Texmaco Rail & Engineering Limited ("the Company"), Touax Rail India Limited and Touax Texmaco Railcar Leasing Private Limited [a Joint Venture Company between Touax Rail India Limited and the Company("JVC")] have entered into an Amended and Restated Joint Venture Agreement with the proposed new JV partner i.e., Trinity Rail Global Inc on 2nd June 2026. Upon issue of further shares by the JVC to the new JV partner, the shareholding of the Company in the JVC shall stand reduced from the existing 50% to 34%.

Shares of Texmaco Rail & Engineering Limited was last trading in BSE at Rs. 102.75 as compared to the previous close of Rs. 104.15. The total number of shares traded during the day was 84907 in over 1077 trades.

The stock hit an intraday high of Rs. 104.25 and intraday low of 101.20. The net turnover during the day was Rs. 8696758.00.

Source : Equity Bulls

Keywords

TexmacoRailandEngineering INE621L01012 JV TrinityRailGlobalInc