scorecardresearchTriveni Engineering sells entire 21.85% stake in Triveni Turbines for ₹1,600 crore

Triveni Engineering sells entire 21.85% stake in Triveni Turbines for 1,600 crore

Updated: 22 Sep 2022, 08:55 AM IST
TL;DR.
The shares have been sold to Rati Sawhney, one of the promoter of Triveni Turbine, and a few institutional investors, including sovereign wealth funds of Singapore and Abu Dhabi as also a few domestic mutual funds.
Indian rupee coins in a bowl arranged for a photograph at a general store in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg

Indian rupee coins in a bowl arranged for a photograph at a general store in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg