Texmaco Rail and Engineering Ltd has said its rights issue for an amount of up to Rs 164.51 crore was oversubscribed by about 1.35 times.
The Kolkata-headquartered company, in an exchange filing, said the rights issue closed for subscription at 5 pm on Thursday.
In October, Texmaco Rail and Engineering had said its Capital Issue Committee approved issuing over 7.15 crore equity shares worth up to Rs 164.51 crore.
The rights entitlement ratio was fixed at 2:7 – two equity shares for every seven equity shares held by shareholders, the company said.
