Jupiter Wagons Shares Rise on Fundraising Plans

Jupiter Wagons share price saw a rise of 2.61% on January 23, 2025, reaching an intraday high of ₹485.75. By 12:31 PM, the stock was trading 1.50% higher at ₹480.45, while the BSE Sensex was up 0.38% at 76,696.88.

Fundraising Announcement

The company announced a board meeting scheduled for January 29, 2025, to discuss plans for raising funds through various methods. These may include issuing equity shares, convertible preference shares, bonds, debentures, warrants, or other equity-linked instruments. Potential fundraising modes include private placements, qualified institutional placements (QIPs), public issues, rights issues, or preferential allotments, subject to necessary approvals.

During the same meeting, the Board will also review and approve the company’s Q3 FY25 financial results.

About Jupiter Wagons

Jupiter Wagons provides a wide range of mobility solutions, including freight wagons, locomotives, passenger coaches (LHB), metro coaches, braking systems, and commercial vehicles. The company also manufactures ISO marine containers and components such as couplers, draft gears, bogies, and CMS crossings.

Manufacturing Facilities and Partnerships

With manufacturing facilities in Kolkata, Jamshedpur, Indore, and Jabalpur, the company has fully integrated foundry operations. Jupiter Wagons has strategic partnerships with leading global firms, including Tatravagonka (Slovakia), DAKO-CZ (Czech Republic), and Frenoplast S.A (Poland), among others.

This announcement has generated investor interest, contributing to the stock’s upward momentum.

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