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Thermax inks pact to acquire 23.03% stake in Thermax Bioenergy Solutions
Aug-14-2025

Thermax has entered into a Share Purchase Agreement with Everenviro Resource Management on August 13, 2025 for the acquisition of 23.03% equity stake in Thermax Bioenergy Solutions (TBSPL), a subsidiary of the Company. Upon completion of the said transaction, TBSPL shall become a wholly owned subsidiary of the Company. The said acquisition is expected to be completed in 30 days. 

Thermax is an engineering company providing sustainable solutions in energy and environment.


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