Titagarh Wagons, private sector Wagon manufacturers in India, on Friday announced that, the company's bid for acquisition of a Railway Rolling Stock manufacturing company situated in Europe has been accepted by the competent authorities.
The bid is placed, following company's efforts to increase its presence in the international markets.
However, the said acceptance of the bid is subjected to fulfillment of certain conditions.
Shares of the company declined Rs 3.05, or 2.96%, to trade at Rs 100.00. The total volume of shares traded was 48,381 at the BSE (1.41 p.m., Monday).
