Triveni Turbine Ltd to Acquire Remaining 30% Stake in TSE Engineering Pty. Ltd., South Africa

Triveni Turbine Ltd announced that its wholly owned subsidiary, Triveni Turbines DMCC-Dubai, has entered into an agreement to acquire the remaining 30% equity shares of TSE Engineering Pty. Ltd., a South African company. This acquisition will make TSE a wholly owned subsidiary of Triveni Turbine Ltd. TSE is engaged in high precision engineering repairs and servicing of machinery in sugar and other industrial plants in the South African Development Community region. The acquisition is expected to be completed by November 4, 2025, and is considered a related party transaction carried out at arm's length.