Titagarh Rail Systems Limited, formerly known as Titagarh Wagons Limited, is a prominent Indian rolling stock manufacturer in the private sector. Established in 1984 as a rolling stock foundry unit, the company’s headquarters are situated in Kolkata, West Bengal. Titagarh is listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Advior International Indian Partner Nuvama Wealth Management Limited has successfully closed a transaction of c. INR 7,000mn (US $84mn) as the book running lead manager to Titagarh Rail Systems Limited for its successful equity fund raise. This QIP helped the company in raising growth capital for funding company’s working capital requirements and repayment of borrowings.
Nuvama Investment Banking
Advised in the sale of
Titagarh Rail Systems Limited
to