Thermax has entered into a Share Subscription and Share Purchase Agreement and a Shareholders’ Agreement (collectively, the Definitive Agreements) with Exactspace Technologies (Exactspace) and its Promoters and existing investors to acquire 35.83% stake (on a fully diluted basis) in Exactspace.
Currently, the company holds 15.17% of the share capital in Exactspace, and is an Associate Company. Upon completion of the aforesaid transaction, the company’s shareholding will increase to 51% (on a fully diluted basis), resulting in Exactspace becoming a Subsidiary of the Company. The Definitive Agreements further provide a right to the company to acquire the balance 49% stake after a period of 3 years, subject to terms and conditions mentioned therein.
The proposed acquisition of Exactspace will enable the company to deliver end to end asset support and strengthen its service offerings. Exactspace’s solutions will cover Artificial intelligence based predictive asset maintenance, process optimization for customers, asset efficiency improvement in uptime and longevity, and analytics-driven failure analysis.
Thermax is an engineering company providing sustainable solutions in energy and environment.
| Company Name | CMP |
|---|---|
| BHEL | 325.65 |
| Thermax | 4242.80 |
| Kirloskar Oil Eng | 1651.90 |
| Skipper | 430.85 |
| GMM Pfaudler | 912.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: