HDFC Mutual Fund hikes Stake in Titagarh Wagons to 9.51%

Mumbai: HDFC Mutual Fund has acquired a total of 98,70,302 shares of Titagarh Wagons, a deal that could be worth more than Rs 103 crore. The asset management company has acquired 4.04% stake in the company through the QIP route.  After the said acquisition, the asset management company’s stake in the company has risen from 5.47% to 9.51%.

Titagarh Wagons is engaged in the business of manufacturing Railway Wagons, EMU (Rail Coaches), Bailey Bridges, Heavy Earth, Moving and Mining Equipment, Steel and SG iron castings of moderate to complex configuration etc.