Thermax Limited increases stake in Exactspace Technologies to 51%, making it a subsidiary
Thermax · Electrical Equipment
Key highlights
- Thermax entered Share Subscription, Share Purchase, and Shareholders’ Agreements with Exactspace and its promoters and investors.
- Previously disclosed acquisition was for 35.83% stake on a fully diluted basis in Exactspace.
- Transaction completed on April 9, 2026 at 5:43 p.m. IST, raising Thermax’s shareholding in Exactspace to 51%.
Why it's rated notable: The completed acquisition of a 51% stake that makes Exactspace a subsidiary is binding, but the filing states no consideration amount, so the level stays at medium.
Original filing
Announcement under Regulation 30 (LODR)-Updates on Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.