Thermax gains on acquiring 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 is currently trading at Rs. 3610.30, up by 75.50 points or 2.14% from its previous closing of Rs. 3534.80 on the BSE.
The scrip opened at Rs. 3540.00 and has touched a high and low of Rs. 3623.90 and Rs. 3535.00 respectively. So far 51672 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4088.00 on 17-Jul-2025 and a 52 week low of Rs. 2744.20 on 08-Dec-2025.
Last one week high and low of the scrip stood at Rs. 3623.90 and Rs. 3191.65 respectively. The current market cap of the company is Rs. 43029.72 crore.
The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 27.20% and 10.82% respectively.
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.

