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Thermax LimitedUpdates, 16-03-2026: Other Restructuring

16-03-2026 | 06:37 pm

Thermax's step-down subsidiary, FE8PL, secured an Rs 18.77 Cr investment from India Cements Limited, a captive energy user. India Cements subscribed to 1,32,96,350 shares, taking a 14.63% stake in FE8PL. Thermax's holding in FE8PL is now 62.15%.

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