Triveni Engineering shares adjust 38.5% as stock turns ex-demerger. What lies ahead for 95,000 shareholders

Triveni Engineering shares turned ex-demerger on the stock exchanges, adjusting 38.5% to reflect the separation of its power transmission business. The company's market capitalisation stood at Rs 5,982 crore post-adjustment. Under the demerger, eligible shareholders receive one share of Triveni Power Transmission (TPTL) for every three shares held in Triveni Engineering as on the record date of July 22, with TPTL expected to list separately on NSE and BSE.