ALFA Filings
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Jupiter Wagons Limited has incorporated a new subsidiary named Jupiter Rail Mobility Private Limited to operate within the railway and engineering industry.
Jupiter Wagons' subsidiary JTRWF will issue shares to investors for a 25%+1 stake, valuing the deal at ₹290.29 Crore. This partnership establishes a private railwheel manufacturing platform.
Jupiter Wagons formed a strategic partnership with Italy's Lucchini RS, involving a 25% equity stake acquisition in its railwheel factory for approximately €28 million.
Jupiter Wagons has acquired the remaining 1.94% stake in its subsidiary, Jupiter Tatravagonka Railwheel Factory, for ₹16.53 Crore, making it a wholly-owned subsidiary.