Triveni Engineering rises 3% on demerger record date
after close1 source ↓written by the desknot a recommendation
- intraday
- 3%
- as the record
- 22 July
Shares of Triveni Engineering rose 3% intraday, reaching a high of ₹485.60 on the NSE. This increase follows the announcement of 22 July as the record date for the demerger of its power transmission business. Eligible shareholders will receive one share of Triveni Power Transmission Limited for every three shares held, with no application needed from investors.
Not investment advice. For informational purposes only.