Kolkata, Nov 26 (PTI) Texmaco Rail and Engineering Ltd has said its rights issue for an amount of up to Rs 164.51 crore was oversubscribed by about 1.35 times.

The Kolkata-headquartered company, in an exchange filing, said the rights issue closed for subscription at 5 pm on Thursday.

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In October, Texmaco Rail and Engineering had said its Capital Issue Committee approved issuing over 7.15 crore equity shares worth up to Rs 164.51 crore.

The rights entitlement ratio was fixed at 2:7 - two equity shares for every seven equity shares held by shareholders, the company said. PTI

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