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Thermax Limited

ExitedQuarterly

THERMAXHeavy Electrical EquipmentMarket Cap₹42K Cr

Foreign Investor

The move

Kotak Offshore, which previously held a 1.04 percent stake in Thermax Limited, is no longer listed among the company's disclosed shareholders, indicating either a complete sale or a reduction in its holding to below the 1 percent reporting threshold.

About Thermax Limited

A provider of equipment and solutions for the energy, environment, and chemical sectors, Thermax manufactures boilers, heaters, absorption chillers, power plants, solar equipment, and air pollution control systems. The company also produces water and waste recycling plants, ion exchange resins, and performance chemicals alongside related services and technical support. It serves industrial clients across India and international markets.

About Kotak Offshore

India FPI activity attributed to Kotak Mahindra group affiliates and offshore funds investing in listed Indian equities.

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More moves in Thermax Limited

SBI Mutual FundDecreased

SBI Mutual Fund sold 7,776 shares of Thermax Limited on the open market, reducing its stake slightly to 5.60%.

SBI Mutual FundExited

SBI Mutual Fund, which last reported a 7.8 percent stake in Thermax Limited, is no longer listed among the company's disclosed shareholders, indicating either a complete sale or a reduction to below the 1 percent reporting threshold.

ICICI Prudential Mutual FundExited

ICICI Prudential Mutual Fund, which previously held a 1.01 percent stake in Thermax Limited, is no longer listed among its disclosed shareholders, indicating either a complete exit or a reduction in its holding to below the 1 percent reporting threshold.

Kotak Mutual FundExited

Kotak Mutual Fund, which previously held a 2.21 percent stake in Thermax Limited, is no longer listed among the company's disclosed shareholders, indicating either a complete sale or a reduction of its holding below the 1 percent reporting requirement.

SBI Life InsuranceNew position

SBI Life Insurance initiated a new position in Thermax Limited, acquiring 13,03,780 shares worth ₹60.67 Cr, representing a 1.09% stake.

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