Techno Electric and Engineering Company’s promoters have increased their stake in the company by over 4 percentage to 59.28% via indirect acquisition. The promoter group companies -- Checons, Kusum Industrial Gases and Varanasi Commercial have acquired control over Pragya Commerce Private and Trimurti Associates who hold 10,99,367 equity shares i.e. 1.93% and 13,60,926 equity shares i.e. 2.38% respectively in the company.
As on December 31, 2013, the promoters holding in the company stood at 54.97% while institutions and non-institutions held 3.34% and 41.69% stake in the company, respectively
Techno Electric & Engineering Company, headquartered in Kolkata, is a leading EPC company in the power sector. It provides engineering, procurement and construction services to all the three segments of power sector namely generation, transmission and distribution.
