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Texmaco Rail & Engineering allots 2.54 cr equity shares on conversion of loan

On 23 February 2021 Texmaco Rail & Engineering has allotted 93,54,839 equity shares of Re 1 each to Adventz Finance against the conversion of loan into equity shares availed by the Company from Adventz Finance.
The company also allotted 1,61,29,031 equity shares of Re 1 each to i Saroj Kumar Poddar against the conversion of loan into equity shares
availed by the Company from him.
The issue price for the aforesaid conversion was considered as Rs 31 per equity share of face
value of Re 1 each, as approved by the Shareholders and in accordance with Chapter V of the
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) ....

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IRCTC, Texrail, RITES: IRFC IPO may spark rally in railway-related stocks

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