Thermax SPX Energy Technologies Limited (TSPX) a joint venture between Thermax Limited (51%), MUTARES HOLDING 24-AG Germany (23%) and BALCKE-DUERR GmbH Germany (26%).
The Company had earlier announced that it would acquire stake held by its joint venture partners in TSPX.
On April 11, 2019 the Company has acquired the entire stake held by the joint venture partners namely MUTARES HOLDING-24 AG, Germany and BALCKE-DUERR GmbH, Germany.
Subsequent to the acquisition TSPX has now become a wholly owned subsidiary of Thermax Ltd.
Shares of THERMAX LTD. was last trading in BSE at Rs.985.15 as compared to the previous close of Rs. 979.5. The total number of shares traded during the day was 4265 in over 162 trades.
The stock hit an intraday high of Rs. 986.4 and intraday low of 975. The net turnover during the day was Rs. 4181649.