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Thermax Limited. ( (IN:THERMAX) ) has provided an announcement.
Thermax Limited has announced an additional equity investment in its wholly-owned subsidiary, Thermax Chemical Solutions Private Limited (TCSPL), which will further invest in Fortmax Chemicals India Private Limited, a subsidiary of TCSPL. This strategic move involves the allocation of 2,35,00,000 equity shares on a rights basis, potentially strengthening Thermax’s position in the chemical solutions market and enhancing its operational capabilities.
More about Thermax Limited.
Thermax Limited operates in the energy and environment sector, providing a range of engineering solutions for energy efficiency and environmental management. The company focuses on products and services that cater to the needs of industries looking to optimize their energy consumption and reduce environmental impact.
Average Trading Volume: 8,294
Technical Sentiment Signal: Sell
Current Market Cap: 348B INR
For a thorough assessment of THERMAX stock, go to TipRanks’ Stock Analysis page.