Thermax Limited

New PositionQuarterly

THERMAXHeavy Electrical EquipmentMarket Cap₹42K Cr

Stake

1.09%

SBI Life Insurance

Institution

The move

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

About Thermax Limited

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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 SBI Life Insurance

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Joint venture between State Bank of India and BNP Paribas Cardif. Manages over Rs 4.7 lakh crore in total AUM with the flagship SBI Life Equity Fund alone holding over Rs 77,000 crore. One of India's largest private life insurers by AUM, with a multi-cap equity book deployed across ULIP and participating funds.

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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%.

3 Sept 2026

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.