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Thermax Limited has acquired the remaining 49% equity stake in TSA Process Equipments Private Limited for Rs. 42 Crore, making it a wholly-owned subsidiary.
Thermax Limited received NCLT approval for the merger of its wholly owned subsidiary, Buildtech Products India Private Limited, into itself. The consolidation aims to improve operational efficiencies.
Thermax Limited has completed the acquisition of a 51% stake in Exactspace Technologies Private Limited. Following this transaction, Exactspace has officially become a subsidiary of the company. This move follows the definitive agreements signed on February 27, 2026.
Thermax Limited completed the acquisition of a controlling stake in Exactspace Technologies Private Limited on April 9, 2026. The company's shareholding increased to 51%, making Exactspace a subsidiary. This strategic acquisition enhances Thermax's portfolio through majority control of the technology entity.