Thermax acquires balance 24% stake in First Energy

Thermax acquires balance 24% stake in First Energy

Dec 22, 2020 12:12 IST capital market

Thermax has acquired remaining 24% stake in First Energy (FEPL) effective 21 December 2020. Accordingly, the equity shareholding of the Company in FEPL stands increased from 76% to 100%. Now, FEPL is a wholly owned subsidiary of the Company.

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