Texmaco Rail Stock Rises Following Board Decision

Texmaco Rail’s stocks experienced some gains on February 28, following the approval by the company’s board to raise up to Rs 150 crore through a preferential issue of convertible warrants to its promoters and promoter groups.
The board of Texmaco Rail has empowered its Capital Issue Committee to finalize the structure, terms, and conditions of the issuance, along with other related matters, as mentioned in a company filing. Texmaco Rail shares concluded 0.5 percent lower at Rs 196.25 on February 27. Over the past year, this high-performing stock has provided significant returns of 344 percent, more than quadrupling investors’ money