Corporate Action11 Jul 2026, 10:00 am
Triveni Engineering Fixes Record Date for Demerger Share Distribution
AI Summary
Triveni Engineering & Industries Ltd has announced July 22, 2026, as the record date for determining shareholder eligibility to receive equity shares of TPTL. This follows the demerger of the power transmission business to TPTL, effective May 19, 2026, with the appointed date for the demerger being April 1, 2026. Shareholders will receive one equity share of TPTL (face value INR 2) for every three equity shares of Triveni Engineering (face value INR 1) held.
Key Highlights
- Record date set for July 22, 2026, for TPTL share distribution.
- Demerger of power transmission business to TPTL effective May 19, 2026.
- Share exchange ratio: 1 TPTL share for every 3 Triveni Engineering shares.
- TPTL shares will have a face value of INR 2 each.
Price Impact
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