Promoters of Triveni Power Transmission acquire 42.48 percent stake via demerger scheme
TRIVENIPT · price
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Promoters of Triveni Power Transmission Ltd acquired 4,44,97,052 equity shares (42.48%) through a Composite Scheme of Arrangement. The scheme demerges the Power Transmission Business of Triveni Engineering and Industries into TPTL. Shares were allotted on 28 July 2026 and listed on 12 October 2026. Post-acquisition, promoter holding stands at 7,57,97,052 shares, or 72.36% of total equity.
Promoters consolidate control at 72.36% post-demerger. No fresh cash outflow since shares allotted via scheme, not open market.