Triveni Engineering and Industries Ltd. acquires a 25.43 per cent stake in Sir Shadi Lal Enterprises Limited

TRIVENI ENGINEERING & INDUSTRIES LTD, one of the largest integrated sugar producers in the country, a leading player in engineeredto-order high-speed gears & gearboxes and water and wastewater management business, recently announced acquiring 25.43 per cent stake in Sir Shadi Lal Enterprises Limited (SSEL).

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Under a Share Purchase Agreement executed with Vivek Viswanathan and Radhika Viswanathan Hoon on January 30, 2024, the company on March 11, 2024, acquired a 25.43 per cent equity stake in SSEL for an aggregate consideration of Rs 35 crore, i.e. for Rs 262.15 per equity share of SSEL.