TITAGARH INDUSTRIES :
this Calcutta co is promoted by the Choudhry family.Recently ChrysCapital took a 10% stake in another company( Titagarh Wagons) owned by the same promoters paying in the region of $10-15 million.
This is not the first strategic investment in TWL, which plans to go public in 3-9 months.
Another private equity firm and a hedge fund already hold about 14 per cent stake in the company. According to Mr JP Chowdhary, Chairman of TWL, it has charted out an aggressive growth plan involving an investment of about Rs 100 crore. "Our plans include setting up a greenfield facility and we are also looking at acquisitions in both India and overseas."
Hence with TITAGARH WAGONS IPO hitting the market we expect Titagarh Ind to reap windfall gains , owing to the cross-holdings.
GEODESIC INFORMATION SYSTEMS:
all set to cross Rs 200 in the medium term. Have an eye on it
Sunday, August 20, 2006
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