Titagarh Wagons gets go-ahead from Europe

The stock of Titagarh Wagons will remain in focus as its bid to acquire a rail rolling stock manufacturing company in Europe has been accepted by “competent authorities,” the company informed the exchanges. Through the deal, it aims to increase its presence in the global markets. Titagarh Wagons, however, said the acceptance of the bid is subject to certain conditions. Analysts will be keenly watching the development.