Texmaco Rail & Engineering Merger & Restructuring
Texmaco Rail & Engineering is selling its subsidiary, Texmaco Defence Technologies. The transaction is expected to be completed by November 12, 2026.
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Texmaco Rail & Engineering is selling its subsidiary, Texmaco Defence Technologies. The transaction is expected to be completed by November 12, 2026.
Texmaco Rail & Engineering Ltd entered a Share Subscription & Shareholder’s Agreement with subsidiary TDTL and Vagus Def Tech & Aerospace Fund-1 for a ₹200 Crore investment.
Texmaco Rail & Engineering's joint venture, Touax Texmaco, issued securities to new partner TrinityRail Global. This alters the JV's shareholding structure significantly.
TrinityRail joined the Touax-Texmaco railcar leasing joint venture with a 32% stake. This tripartite partnership aims to scale India's rail leasing ecosystem using global technology.
Texmaco Rail inducted Trinity Rail Global Inc as a new JV partner in its leasing venture. The company's shareholding will dilute from 50% to 34%.