Thermax to acquire stake in Thermax SPX Energy Technologies

26 Feb 2019 Evaluate

Thermax has entered into definitive agreement with Mutares Holding-24 AG, Germany and Balcke-Duerr GmbH, Germany, Joint Venture (JV) partners of Thermax SPX Energy Technologies (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.

Thermax is a leading energy and environment solutions provider is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.

Thermax Share Price

2102.50 0.00 (0.00%)
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Company Name CMP
BHEL 45.00
Bharat Electronics 234.10
ISGEC Heavy Engg. 488.95
Thermax 2102.50
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