Gainwell Group acquires TIL Limited, plans Rs 1,000 crore investment

Gainwell Group acquired TIL Limited (formerly Tractors India) and infused Rs 120 crore, including Rs 70 crore for a preferential equity issue. Gainwell plans to invest Rs 1,000 crore over three years to become a $1 billion company by 2028.

“Gainwell, the Kolkata-headquartered capital goods manufacturer with presence in the mining, construction, energy, defence, railways, and heavy equipment sectors, on Wednesday acquired TIL Ltd.”economictimes.indiatimes.com

• 1 source
• economictimes.indiatimes.comGainwell Commosales: Gainwell Group acquires TIL Limited, invest Rs 1000 crore for expansion - The Economic TimesJan 24, 2024

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