Titagarh Rail Systems To Consider Fundraising Plans At July 3 Board Meeting

Titagarh Rail Systems Ltd. on Friday said its board will meet on Wednesday to consider and approve plans to raise funds through various routes, according to an exchange filing.

The company said it is exploring multiple fundraising options, including preferential issue of shares, qualified institutional placement (QIP), rights issue, or any other permissible mode under applicable laws.

The move comes amid rising interest in rail infrastructure and manufacturing, where Titagarh has been an active player in both passenger and freight rolling stock.