Titagarh Rail Systems Limited announced that it has received INR 6.999999507 billion in funding from Capital Research and Management Company, Norges Bank Investment Management, Templeton International, Inc., ICICI Prudential Life Insurance Company Limited, Troo Capital Ltd

Titagarh Rail Systems Limited approved the issue and allotment of 75,02,679 Equity Shares to the eligible Qualified Institutional Buyers at the issue price of INR 933 per equity share i.e. at a premium of INR 931 per Equity Share for aggregate gross proceeds of INR 6,999,999,507 on December 13, 2023. The company has allotted Government Pension Fund Global 6,43,087 shares, Smallcap World Fund, Inc 6,43,087 shares, Canara Robeco Mutual Fund A/C Canara Robeco Elss Tax Saver 4,01,930 shares, Franklin India Smaller Companies Fund 4,93,034 shares, The Master Trust Bank Of Japan, Ltd. As Trustee Of HSBC India Infrastructure Equity Mother Fund 5,35,906 shares, ICICI Prudential Life Insurance Company Limited 4,28,725 shares and Troo Capital Ltd 4,28,725 shares.