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