Announced Tue, 14 Jul · 11:01 IST
Record date fixed for Triveni demerger, shareholders to get TPTL shares
Demerger Ratio AnnouncedCore Business DivestedNclt Scheme FiledStrategic Transactions View source PDF
TRIVENI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.3%1-day move
₹476.85
prior close
₹474.40
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.3-0.0-0.2-3.3-1.3-1.1-1.5-1.2-45.1————
Up moveDown movePending
AI summary
Triveni Engineering has fixed July 22, 2026 as the record date for its demerger. Under the NCLT-sanctioned Composite Scheme, the power transmission business is hived off into Triveni Power Transmission Ltd (TPTL). Shareholders get 1 TPTL share (face value INR 2) for every 3 Triveni shares (face value INR 1) held. Scheme was effective from May 19, 2026 with appointed date April 1, 2026.
Likely market impact
Eligible shareholders on record date will receive TPTL shares in the 3:1 ratio, adding a new listed holding to their portfolio.