Thejo Engineering Limited has successfully completed its acquisition of a 100% stake in Thejo Australia Pty Ltd (TAPL). This acquisition was finalized after Thejo Engineering purchased 300,000 shares from Bridgestone Mining Solutions Australia Pty Ltd, representing 10% of TAPL’s shareholding. The purchase was completed with a fund transfer of AUD 498,480, and the company received the share certificate on March 26, 2025.
With this acquisition, TAPL is now a wholly-owned subsidiary of Thejo Engineering Limited. This strategic move will strengthen Thejo’s presence in the Australian market and reinforce its position as a leading player in the engineering and mining solutions sectors.
Summary in Points: • Acquisition Date: March 26, 2025
• Total Stake Acquired: 100% of Thejo Australia Pty Ltd (TAPL)
• Shares Purchased: 300,000 shares (AUD 1/- each)
• Fund Transfer Amount: AUD 498,480
• Previous Owner of Shares: Bridgestone Mining Solutions Australia Pty Ltd
• Subsidiary Status: TAPL now a wholly-owned subsidiary of Thejo Engineering Limited
Effect on Share Market: The acquisition of 100% ownership in Thejo Australia Pty Ltd is likely to boost investor confidence in Thejo Engineering. This move strengthens the company’s international footprint, particularly in the Australian market, and may lead to positive momentum in its stock price. Investors may view this acquisition as a strategic growth initiative, potentially driving market interest in Thejo Engineering’s shares.
Company Overview: Thejo Engineering Limited is a leading engineering solutions provider based in Chennai, India. Established in 1986, the company specializes in providing products and services to the mining, material handling, and engineering industries. With a growing global presence, Thejo is committed to delivering innovative solutions that meet the needs of industries worldwide.
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