Shares Bazaar

Thermax acquires additional 35.83% stake in Exactspace

The company’s shareholding has increased to 51% (on a fully diluted basis), resulting in Exactspace becoming a Subsidiary of the Company

Thermax has completed the acquisition of additional 35.83% (on a fully diluted basis) stake in Exactspace Technologies (Exactspace). With this, Company’s shareholding has increased to 51% (on a fully diluted basis), resulting in Exactspace becoming a subsidiary of the company. 

Thermax is an engineering company providing sustainable solutions in energy and environment.