Thermax Ltd gains 3.5% after additional 35.83% stake in Exactspace, gains majority control
News by Aliceblue News Desk
10 Apr 2026
Introduction
Leading engineering company acquires 35.83 percent stake in Exactspace Technologies, increases holding to 51 percent and converts it into subsidiary after completion.
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Share price movement of Thermax
On April 10, 2026, Thermax Ltd opened at ₹3,540.00, up 0.15% from its previous close of ₹3,534.80. The stock reached a high of ₹3,665.65 and a low of ₹3,535.00. By 3:24 PM, it traded at ₹3,653.30, up 3.35%, with a market cap of ₹43,458.69 crore.
Thermax Acquires Majority Stake
Thermax Limited completed acquisition of 35.83 percent stake in Exactspace Technologies Private Limited, increasing total shareholding to 51 percent on a fully diluted basis, making Exactspace a subsidiary company now.
Transaction completed on April 9, 2026 at 5:43 p.m. IST following earlier Share Subscription and Shareholders Agreement dated February 27, 2026 between Thermax Limited and Exactspace Technologies promoters parties concerned.
Stock performance of Thermax for period of 1 week, 6 months, and 1 year
Thermax Ltd delivered a 1-week return of 7.26%, a 6-month return of 9.66%, and a 1-year return of 15.1%.
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Shareholding pattern of Thermax
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 |
| Promoter | 62.00% | 62.00% | 62.00% |
| FII | 12.40% | 13.40% | 16.00% |
| DII | 14.80% | 14.00% | 11.70% |
| Public | 5.40% | 5.20% | 4.80% |
| Others | 5.50% | 5.50% | 5.50% |
About Thermax
Thermax Ltd (NSE: THERMAX) provides energy, environment and chemical solutions, including boilers, pollution control systems, water treatment plants and industrial services.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Thermax Ltd share price rising today?
A: Thermax Ltd acquires 35.83% stake in Exactspace, increases holding to 51% and makes it subsidiary on April 9, 2026.
Q: What is Thermax Ltd’s main business focus?
A: Thermax Ltd provides energy, environment and chemical solutions including boilers, pollution control and water treatment systems.
Q: What are the 52-week high and low of Thermax Ltd stock?
A: Thermax Ltd stock recorded 52-week high ₹4,088.00 and 52-week low ₹2,744.20 levels.
News Author
Aliceblue News Desk
