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Triveni Engineering & Industries divests entire 21.85% stake in Triveni Turbine

22 Sep 2022 Evaluate

Triveni Engineering & Industries has divested its entire 21.85% stake in Triveni Turbine (TTL) worth Rs 1,609 crore, unlocking significant value for shareholders. Driven by strong investor demand, the sale of shares was to marquee investors including sovereign wealth funds such as GIC, Abu Dhabi Investment Authority (ADIA), foreign institutions such as Nomura, Plutus and leading mutual funds such as SBI MF, Aditya Birla MF, Sundaram MF, Invesco MF. With the sale of the aforesaid equity shares, the Company will cease to be a shareholder in TTL.

Around 10% of the total paid-up capital of TTL was sold to Rati Sawhney, one of the existing promoters by way of inter-se transfer between promoters at a price of 229 per share (based on the previous day closing price of 228.95 per share on NSE) through block trading window on stock exchange and around 11.85% of the total paid-up capital of TTL was sold to multiple leading institutional investors through block trading window on the screen-based trading system of the stock exchanges at a price of 226.70 per share.

Triveni Engineering & Industries is a focused, growing corporation having core competencies in the areas of sugar and engineering. The Company is one amongst the largest sugar manufacturers in India and the market leader in its engineering businesses comprising high speed gears, gearboxes, and water treatment solutions.

Triveni Engg. & Inds Share Price

393.00 3.95 (1.02%)
17-Apr-2026 16:59 View Price Chart
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