Corporate Announcement
Security Code : 500411    Company : THERMAX    
 
Announcement under Regulation 30 (LODR)-AcquisitionDownload PDF Download XBRL
  Exchange Received Time  25/02/2019 17:47:11         Exchange Disseminated Time   25/02/2019 17:47:15              Time Taken   00:00:04
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has entered into definitive agreement with MUTARES HOLDING-24 AG, Germany and BALCKE-DUERR GmbH, Germany, JV partners of Thermax SPX Energy Technologies Limited (TSPX) to acquire their shareholding in the TSPX a JV and subsidiary company in India. Post transfer of shares TSPX will become the wholly owned subsidiary of the Company.

You are requested to take note of the same.
 

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