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The Economic Times
The Economic Times
Debaroti Adhikary

Triveni Engineering shares adjust 38.5% as stock turns ex-demerger. What lies ahead for 95,000 shareholders

Triveni Engineering NSE BSE

Shares of Triveni Engineering appeared to plunge nearly 38.5% on Wednesday. However, the decline was merely a price adjustment following the demerger of its power transmission business, with the stock opening at Rs 289.95 apiece on the NSE after a special pre-open session.

Triveni Engineering shares now trade excluding the value of Triveni Power Transmission. Its market capitalisation now stands at Rs 5,982 crore after the adjustment.

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