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Thermax acquires additional 35.83% stake in Exactspace

10 Apr 2026 Evaluate

Thermax has completed the acquisition of additional 35.83% (on a fully diluted basis) stake in Exactspace Technologies (Exactspace). With this, Company’s shareholding has increased to 51% (on a fully diluted basis), resulting in Exactspace becoming a subsidiary of the company. 

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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