Jupiter Wagons raises Rs.403-Cr via QIP

Kolkata-headquartered Jupiter Wagons Ltd , which is into providing mobility solutions through rail, road and marine transportation, has raised INR 403 crore through Qualified Institutional placement (QIP) from investors such as Tata Mutual Fund, Societe General, Bandhan Mutual Fund, HSBC Mutual Fund, Morgan Stanley, and ITI Mutual Fund. The funds raised will be deployed towards expanding capacity, pursuing backward integration including through inorganic initiatives and for scaling up emerging business verticals.