News Details
Category : World
Headline : Thermax Ltd takes over the entire stake of JV partners TSPX named Mutares Holding, Germany
Date: 12/04/2019 12:02
Thermax Limited on Friday informed Bombay Stock Exchange that the company has acquired the entire stake held by the joint venture partners in TSPX namely MUTARES HOLDING-24 AG, Germany and Balckeduerr Gmbh, Germany on April 11, 2019.

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

The shares of Thermax were trading at Rs. 988.00 apiece, high at 2.85 points or 0.29 per cent at 11:38 hours on the BSE.