Texmaco Rail to acquire Jindal Rail Infrastructure for ₹615 crore

Texmaco Rail & Engineering said it will acquire Jindal Rail Infrastructure from its existing security holders for a total consideration of around ₹615 crore. The acquisition will involve purchasing securities from JRIL's existing security holders, namely JITF Urban Infrastructure Service (JUISL) and Siddeshwari Tradex (STPL).