Integrated Core Strategies bought 1,27,80,494 shares of Rail Vikas Nigam Limited for ₹313.71 Cr at ₹245.46 apiece in a bulk deal on May 29, 2026.
A government-owned enterprise incorporated in 2003, Rail Vikas Nigam implements railway infrastructure projects assigned by India's Ministry of Railways. The company executes diverse projects including line doubling, gauge conversion, new railway lines, electrification, major bridge construction, workshops, and production units. Operating under concession agreements with the Ministry of Railways, the company also participates in freight revenue sharing arrangements as a key execution agency for rail modernization.
Investment vehicle of Millennium Management, a New York-based multi-strategy hedge fund.
