Texmaco Rail & Engineering Makes Additional Investment in UAE-Based Subsidiary; Shares Rise 5%

MT Newswires Live

2025/03/21

Texmaco Rail & Engineering (NSE:TEXRAIL, BOM:533326) has invested an undisclosed amount into its UAE-based wholly-owned subsidiary Texmaco Middle East, according to a Thursday filing to the Indian stock exchanges.

Texmaco Middle East trades in trains spare parts and components, crane rails and fixing accessories, heavy equipment and machinery spare parts, simulation equipment and systems, among others.

The investment will help the subsidiary to explore additional opportunities in sectors to supplement the businesses of the parent company.

Shares of the company were up nearly 5% in recent trade.

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