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Thermax inks pact to acquire 23.03% stake in Thermax Bioenergy Solutions

14 Aug 2025 Evaluate

Thermax has entered into a Share Purchase Agreement with Everenviro Resource Management on August 13, 2025 for the acquisition of 23.03% equity stake in Thermax Bioenergy Solutions (TBSPL), a subsidiary of the Company. Upon completion of the said transaction, TBSPL shall become a wholly owned subsidiary of the Company. The said acquisition is expected to be completed in 30 days. 

Thermax is an engineering company providing sustainable solutions in energy and environment.


Peers
Company Name CMP
Bharat Heavy Elect. 423.00
Thermax 3462.85
Kirloskar Industries 3678.25
Skipper 568.00
INDO-MIM 1251.30
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