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Markets regulator Sebi has imposed a penalty of Rs 2.5 crore on TIL Ltd and three former officials for indulging in fictitious purchase and sales leading to over-statement of sales and revenue for 2019-20 and 2020-21. The fine needs to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order.
Gainwell Group, through its group entity- Indocrest Defence Solutions Private Limited (IDSPL), on Wednesday acquired a dominant stake in infra equipment manufacturer TIL (formerly Tractors India) Limited.
TIL stock opened with a gain of 4.97% at Rs 114 today against the previous close of Rs 108.60 on BSE
In 2016, the company had hived off a key part of its business in the form of Caterpillar dealership to Gainwell
Heavy equipment manufacturer TIL on Sunday announced that it decided to bring in a strategic investor -- Indocrest Defence Solutions, which is a part of Gainwel