Thermax500411Acquisition deal news
Thermax completes Rs. 42 crore buyout of remaining 49% in TSA Process Equipments, now wholly owned
49%Stake acquired
- Target Company
- TSA Process Equipments Private Limited
- Stake Acquired
- Additional 49%, taking holding from 51% to 100%
- Consideration
- Rs. 42 Crores in cash
- Completion Date
- September 30, 2026
- Outcome
- TSA becomes wholly owned subsidiary
Thermax completes Rs. 42 crore buyout of remaining 49% in TSA Process Equipments, now wholly owned.
Rs. 166.99 Cr+28.8%
FY2024-25129.65 (Rs. Crores)FY2025-26Rs. 166.99 Cr
Target incorporation
Share transfer completion confirmed received at 6.01 p.m. IST
More numbers
- Cost of acquisitionRs. 42 Crores
- Stake acquired49%
- Share capital of target13,68,000 equity shares
- Target PAT FY 2025-26Rs. 6.65 Cr
- Target turnover FY 2025-26Rs. 166.99 Cr
- Target networth as on Mar 31, 2026Rs. 44.99 Cr
- Target turnover FY 2024-25129.65 (Rs. Crores)
- Target turnover FY 2023-24121.83 (Rs. Crores)
- ConsiderationRs. 42 Crores
Source: BSE · 30 Sep 2026
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