Comments
Rail Vikas Nigam Limited (RVNL) has established its solely-owned Subsidiary Company named ‘Kinet Railway Solutions Limited’. According to the Share Purchase Agreement signed, RVNL holds a 25 per cent stake, while Joint Stock Company Metrowagonmash and Joint Stock Company Locomotive Electronic Systems possess 70 per cent and 5 per cent stakes, respectively.
This move aims to enhance rail infrastructure and services, as well as foster innovation and collaboration within the rail industry. Further details, in compliance with SEBI’s regulations, will be provided after signing the shareholders agreement. The share price of Rail Vikas Nigam Ltd. went up by 0.28 per cent to ₹119.90 at 2.01 p.m. on BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.