The acquisition of the shareholding of TSE by Triveni Turbines DMCC-Dubai (TTDMCC), a wholly owned subsidiary of Triveni Turbine Limited, has signed an agreement for acquisition of 70% equity shares of TSE Engineering Pty. Ltd. (TSE).
TSE is registered under the laws of South Africa and is engaged in high precision engineering
repairs and servicing of machinery in sugar and other industrial plants in South African
Development Community (“SADC”) region. With the said acquisition of these shares, TSE
will become a step down subsidiary of Triveni Turbine Limited.