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Thermax got permission to separate the business, but when will the demerger happen? know

Thermax, a company active in the energy and environment sector, is going to separate its business. The National Company Law Tribunal (NCLT) has given approval for this. Then in this article we will know when the company will separate its business i.e. Demerger.
26 Day ago

Thermax, a company active in the energy and environment sector, is going to separate its business. The National Company Law Tribunal (NCLT) has also given approval for this.

The approval has been given by NCLT, so demerger of this company can happen anytime. However, its official date has not been announced yet.

Approval has been received for the demerger of the company's wholly owned subsidiaries namely Thermax Cooling Solutions Limited and Thermax Instrumentation Limited.

The approval has been given by NCLT, so demerger of this company can happen anytime. However, its official date has not been announced yet.

Thermax has a strong network of 37 subsidiaries in India and internationally. Apart from India, the company is also spread across Europe and South-East Asia.

Thermax has a strong network of 37 subsidiaries in India and internationally. Apart from India, the company is also spread across Europe and South-East Asia.

As for the stock of Thermax Limited, the stock closed at Rs 5,345 with an increase of Rs 49 at market close on 28 May 2024.

As for the stock of Thermax Limited, the stock closed at Rs 5,345 with an increase of Rs 49 at market close on 28 May 2024.

 
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