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Thermax executes Share Subscription Agreement with Exactspace Technologies

08 Feb 2022 Evaluate

Thermax has executed Share Subscription Agreement with Exactspace Technologies and its Promoters and Shareholders Agreement with Exactspace, its Promoters and Shell India Markets (Existing Investor).

The investment will result in the company holding up to 15.17% of the share capital of Exactspace. The company proposes to provide end to end asset support to customers and increase its share of service offerings by collaborating with Exactspace as IoT solution partner. The solutions will cover predictive asset maintenance, process optimization for customers, asset efficiency improvement in uptime and longevity, and analytics-driven failure analysis. The transaction is expected to be completed by December 31, 2022.

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

4132.40 12.45 (0.30%)
22-Apr-2026 11:17 View Price Chart
Peers
Company Name CMP
BHEL 330.95
Thermax 4132.40
Kirloskar Oil Eng 1646.00
Skipper 476.00
GMM Pfaudler 914.85
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