Triveni Power Transmission lists on BSE, NSE following demerger
ET BureauTriveni Power Transmission lists on BSE, NSE post-demerger
The listing follows the demerger of Triveni Engineering's power transmission business under a scheme approved by the National Company Law Tribunal. The scheme became effective on May 19, 2026.
Under the arrangement, eligible shareholders of Triveni Engineering received one equity share of TPTL for every three shares held in the parent company as of July 22, 2026.
The company has listed 10.48 crore equity shares with a face value of Rs 2 each.
"The demerger and independent listing create a platform for sharper business focus, more transparent performance evaluation and independent growth," said Tarun Sawhney, vice chairman and managing director of TPTL.
TPTL manufactures high-speed gearboxes and power transmission equipment for industries and is part of the Triveni Group well-known for its sugar business.