Texmaco Rail & Engineering Ltd. has approved the issue and allotment of 5,80,90,000 Equity Shares to qualified institutional buyers at an issue price of ₹ 129.11 per share, totaling ₹ 75,000 lakhs. The paid-up equity share capital of the company has increased from ₹ 32,52,48,270 to ₹ 38,33,38,270.