<h1>Jupiter Wagons Limited Acquires Final Stake in Railwheel Factory, Achieves Wholly Owned Subsidiary Status</h1>
Jupiter Wagons Limited has completed the acquisition of the remaining equity stake in Jupiter Tatravagonka Railwheel Factory Private Limited (JTRWF), making the railwheel entity a wholly owned subsidiary of the company. The transaction saw the shareholding of Jupiter Wagons increase from 98.06% to 100%.
The completion of this acquisition means that Jupiter Tatravagonka Railwheel Factory Private Limited is now fully integrated into the operations of Jupiter Wagons Limited.
JTRWF, a subsidiary of the company, specializes in manufacturing components for rolling stocks, including wheels, axles, and wheel sets. The entity has been operating since February 08, 2013, with manufacturing plants located in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, and Khordha, Odisha.
The acquisition was completed through a cash consideration transaction. Jupiter Wagons Limited purchased 63,57,552 equity shares representing the remaining 1.94% of the paid up equity share capital in JTRWF. The total purchase consideration remitted for these shares amounted to INR 165,296,352.
Details regarding Jupiter Tatravagonka Railwheel Factory Private Limited and the acquisition are provided below:
| Particulars | Details |
|---|---|
| Target Entity | Jupiter Tatravagonka Railwheel Factory Private Limited (JTRWF) |
| Industry | Railway and Related Industries (Manufacturing components of rolling stocks such as wheels, axles and wheel sets) |
| Turnover (2025-2026) | INR 521.64 Crores |
| Products & Capacity | Wheels: 2,20,000 p.a.; Axles: 75,000 p.a.; Wheel Sets: 56,000 p.a. |
| Financial Performance (Turnover) | FY 2023-2024: INR 163.78 Crores; FY 2024-2025: INR 333.12 Crores; FY 2025-2026: INR 521.64 Crores |
| Acquisition Cost | INR 165,296,352 (Cash consideration) |
The acquisition was conducted through a cash transaction and is not classified as a related party transaction.
JWL Stock Price Movement
Today, shares of Jupiter Wagons Limited edged higher to close at ₹264.95, having gained 1.47% in the trading session. The stock traded within a tight range of ₹259.25 to ₹269.55, with a total volume of 1.89 million shares recorded during market hours.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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