24 Mar 2022 , 03:20 PM
Triveni Turbine Limited subsidiary Triveni Turbines DMCC has signed an agreement for the acquisition of 70% equity shares of TSE Engineering Pty Ltd (TSE).
TSE is registered under the laws of South Africa and is engaged in high precision engineering repairs and servicing of machinery in sugar and other industrial plants in the South African Development Community (SADC) region, company said in a filing on Wednesday.
With the said acquisition of these shares, TSE will become a step-down subsidiary of Triveni Turbine Limited.
Towards close of trade on Thursday, Triveni Turbine Ltd was trading at Rs202.85 per piece up by Rs3.9 or 1.96% from its previous closing of Rs198.95 per piece on the BSE.
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