Texmaco Rail & Engg completes Rs.165-Cr rights issue

Texmaco Rail & Engineering Ltd has completed the rights issue of about 7.15 crore shares for an aggregate amount of up to INR 165 crore. The issue was oversubscribed in overall terms by approximately 1.35 times. The issue was oversubscribed by around 1.47 times from the public category, led by participation from the institutional investors as well as retail investors.