Synopsis: Shares of Triveni Engineering & Industries crashed 40% after turning ex-demerger, reflecting a technical price adjustment following the separation of its power transmission business. Eligible shareholders will receive one Triveni Power Transmission share for every three shares held.
The shares of this integrated and diversified conglomerate, operating across sugar, ethanol, and engineering, are in focus after plunging over 40 percent in today’s trading session as the stock turned ex-demerger, reflecting a technical price adjustment following the spin-off of its power transmission business.
With a market capitalisation of Rs. 6,055 cr, the shares of Triveni Engineering & Industries Ltd were trading at Rs. 276.65, crashing over 40% in today’s market session, making a low of Rs. 276.65, down from its previous close of Rs. 471.50 per share.
What’s the News
Shares of Triveni Engineering experienced a sharp drop of approximately 38.5%, opening at Rs. 289.95 per share on the NSE. This price movement represents a technical price adjustment due to the company trading ex-demerger, rather than selling pressure from investors. Following the adjustment, the company’s market capitalization stands at Rs. 5,982 crore.
The price adjustment accounts for the separation of the company’s power transmission business into a standalone entity named Triveni Power Transmission. To discover the adjusted share price, the stock exchanges conducted a special pre-open session between 9:15 AM and 9:45 AM, with regular trading commencing at 10:00 AM.
Share Allotment and Eligibility
Under the demerger ratio, eligible investors will receive 1 share of Triveni Power Transmission for every 3 shares held in Triveni Engineering as of the record date, July 22, 2026. Shares of Triveni Power Transmission are set to be listed independently on both the BSE and NSE.
Because India operates on a T+1 settlement cycle, only investors who purchased Triveni Engineering shares prior to the record date qualify to receive the new shares. Fresh buyers purchasing shares on or after July 22 will not receive entitlement to Triveni Power Transmission shares.
Triveni Engineering and Industries Ltd is one of India’s leading integrated sugar manufacturers with diversified operations across sugar, ethanol, power co-generation, and engineering. The company operates multiple sugar mills, produces ethanol for the blending program, and generates renewable power from bagasse.
It operates 23 world-class facilities, including 8 sugar plants and 5 distillery facilities across four locations. The company has a sugarcane crushing capacity of 70,500 tonnes per day (TCD), distillery capacity of 860 KLPD, and 104.5 MW of power co-generation capacity.
Beyond sugar and ethanol, the company has a strong engineering presence with over 12,500 power transmission installations worldwide. It has also treated more than 12,200 MLD (million litres per day) of water and wastewater through its engineering projects, highlighting its diversified business model.
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