Thermax Ltd. Sees Significant Block Trade on NSE Jun 09, 2025
A substantial block trade of 307,373 Thermax Ltd. shares occurred on the National Stock Exchange (NSE) at Rs. 3,550.00 per share, totaling Rs. 109.12 crores. The identities of the parties involved and the reasons for the trade were not disclosed. While such large trades can potentially influence investor sentiment, their immediate impact on stock price may vary.
Thermax Reports Strong Q4 Performance with Profit and Revenue Growth, Announces Dividend May 12, 2025
Thermax Reports Strong Q4 Results, Announces Dividend May 09, 2025
Thermax Boosts Stake in Bioenergy Subsidiary to 76.97% May 07, 2025
Thermax Limited Expands Chemical Business with New Subsidiary Apr 11, 2025
More news about Thermax
03Apr 25
Thermax Limited Divests Stake in Covacsis Technologies for ₹100 Crore
Thermax Limited has announced the sale of its stake in Covacsis Technologies Private Limited to Infinite Uptime Inc., USA for approximately ₹100 crore. The transaction is set to complete by April 4, 2025, after which Covacsis will no longer be Thermax's associate company. The sale is not expected to significantly impact Thermax's financials, with Covacsis reporting a loss of ₹1.79 crore in FY 2023-24. Thermax assures that the deal is not a related party transaction.
A block trade of approximately 65,738 shares of Thermax Ltd. occurred on the National Stock Exchange (NSE) at Rs. 3,498.60 per share, totaling around Rs. 23.00 crores. Thermax Ltd., a key player in energy and environment solutions, offers products like boilers, heaters, and pollution control systems globally.
10Mar 25
Thermax Expands Chemical Portfolio: Forms Joint Venture with Brazil's OCQ for Acrylic Resin Production
Thermax Ltd's subsidiary has formed a joint venture with Brazilian firm OCQ to manufacture acrylic resins in India. The subsidiary will hold a 51% majority stake, with the first production line planned in Gujarat. This move expands Thermax's chemical business portfolio, entering a new market segment with applications in paints, adhesives, textiles, and automotive industries.
Thermax Limited's step-down subsidiary, Thermax Vebro Polymers India Private Limited (TVPIPL), has undergone a significant shareholding restructure. TVPIPL is no longer a wholly owned subsidiary, with Vebro Polymers Holdings Limited acquiring a 49.90% stake through equity share allotment in exchange for technology transfer. Thermax Chemical Solutions Private Limited retains 50.10% ownership. This restructuring is linked to a technology license agreement with Vebro, potentially enhancing TVPIPL's technological capabilities and market position.