Tax & Penalty3 Aug 2026, 02:46 pm
Triveni Engineering Cost of Acquisition Allocation
AI Summary
Triveni Engineering & Industries Ltd has filed details regarding the allocation of the cost of acquisition for equity shares of Triveni Engineering & Industries Limited and Triveni Power Transmission Ltd. This follows a Scheme of Arrangement and the subsequent issuance of TPTL shares to TEIL shareholders. The allocation is in compliance with Sections 73(1) (Table Serial No. 14) and 73(1) (Table Serial No. 15) of the Income-Tax Act, 2025. The filing specifies the percentage allocation for TEIL at 86.60% and TPTL at 13.40%. This information is available on the company's website.
Key Highlights
- Cost of acquisition allocated for TEIL and TPTL shares.
- Allocation follows a Scheme of Arrangement and share issuance.
- Compliance with Income-Tax Act, 2025 sections cited.
- TEIL allocated 86.60%, TPTL allocated 13.40%.
Price Impact
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