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MoneyWorks4Me

With reference to the letter dated August 11, 2016 intimating about proposed additional investment of Rs 6 crore by Thermax (the Company), in FE. Thermax has now informed that the Company has invested Rs 6 crores in FE. Further the Company has increased its shareholding in FE from 33% to 54.67% making it a subsidiary of the Company.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bharat Heavy Elect. 399.45
Zetwerk Manufactur 157.15
Thermax 3155.20
Kirloskar Industries 3261.10
Skipper 518.75
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