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Thermax Ltd. - Announcement under Regulation 30 (LODR)-Updates on Acquisition

| Updated on April 12, 2019 Published on April 12, 2019

Thermax SPX Energy Technologies Limited (TSPX) a joint venture between Thermax Limited (51%), MUTARES HOLDING 24-AG Germany (23%) and BALCKE-DUERR GmbH Germany (26%).

The Company had informed vide letter under reference that it would acquire stake held by its joint venture partners in TSPX.

On April 11, 2019 the Company has acquired the entire stake held by the joint venture partners namely MUTARES HOLDING-24 AG, Germany and BALCKE-DUERR GmbH, Germany.

Subsequent to the acquisition TSPX has now become a wholly owned subsidiary of Thermax Ltd.

Pdf Link: Thermax Ltd. - Announcement under Regulation 30 (LODR)-Updates on Acquisition

Source : BSE - www.bseindia.com

Published on April 12, 2019
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