Titagarh Rail Systems unit transfer for €66.1 million
pre-market1 source ↓written by the desknot a recommendation
- €66.1 million
Titagarh Rail Systems' Italian associate, Titagarh Firema SpA, has transferred its business unit to Fabbrica Italiana Treni S.p.A for €66.1 million. This strategic divestment aims to address financial challenges while maintaining core operations in India. Proceeds will be used for settling secured and unsecured creditors.
Not investment advice. For informational purposes only.