TIL Limited announces ₹200 cr rights issue and acquisition
after close1 source ↓written by the desknot a recommendation
- and plans
- ₹200 crore
- in Tulip Compression
- 60% stake
- Private Limited
- ₹119.01 crore
- an EGM
- 14 Mar 2026
TIL Limited has approved a rights issue to raise up to ₹200 crore and plans to acquire a 60% stake in Tulip Compression Private Limited for ₹119.01 crore. This strategic move aims to enhance its position in the gas infrastructure sector, pending shareholder approval at an EGM on 14 Mar 2026.
This dual initiative signals TIL's focus on capital infusion and business diversification, potentially boosting market sentiment.
Not investment advice. For informational purposes only.