Read More Auto and Transport Industry News Why Texmaco Rail is giving up 30% of its defence arm before revenue begins Texmaco Rail has brought Vagus Def Tech & Aerospace Fund-1 into Texmaco Defence Technologies with an investment commitment of up to ₹200 crore, diluting its ownership from 100% to 70%. byPallavi MadhirajuAugust 23, 2026