"But we want to be secured and so we are keen to hike our stake beyond 51%," he added.
He said the company crossed a major hurdle after shareholders had approved special resolution through postal ballots to issue 24.9% fresh equity on a preferential basis to Texmaco.
Though Poddar expects that the open offer for an additional 30% stake will be a success, the same is not linked to taking control in the railway infrastructure company.
Asked whether Texmaco will revise the open offer price from Rs. 68 a share, Poddar said, "We have lot of time, we will decide later if required."
The open offer from Texmaco at Rs. 68 a share will remain open till September 26, unless extended further.