Triveni Power Transmission lists on BSE, NSE following demerger
NSE left its position unchanged.
· Economic Times Markets, ET Stocks
Triveni Power Transmission Ltd (TPTL) listed 10.48 crore equity shares on BSE and NSE following its demerger from Triveni Engineering & Industries. Shareholders received 1 TPTL share for every 3 shares held. The independent listing aims to enhance business focus on high-speed gearboxes and power transmission equipment.
Why it matters
- With NSE, BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Sector exposure: Power.
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