Corporate Action11 Jul 2026, 10:00 am
Triveni Engineering Fixes July 22, 2026 as Demerger Record Date
AI Summary
Triveni Engineering & Industries Ltd has announced July 22, 2026, as the record date for its demerger. This follows the effectiveness of the scheme from May 19, 2026, where the power transmission business will be transferred to TPTL. Shareholders will receive equity shares of TPTL based on a specified ratio: for every 3 equity shares of Triveni Engineering, shareholders will get 1 equity share of TPTL with a face value of INR 2. The demerger appointed date was April 1, 2026.
Key Highlights
- Record date for demerger fixed as July 22, 2026.
- Power transmission business to be transferred to TPTL.
- Shareholders to receive 1 TPTL share for every 3 Triveni shares.
- TPTL shares will have a face value of INR 2 each.
Price Impact
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