PNC Infratech Incorporates Wholly Owned Subsidiary 'PNC REI PRIVATE LIMITED'
PNC Infratech Limited has announced the incorporation of its wholly-owned subsidiary, 'PNC REI PRIVATE LIMITED', on December 31, 2025. This new entity, registered with CIN U35105UP2025PTC240153, will ...
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Why is PNC Infratech Limited in the news today?
PNC Infratech Limited (PNCINFRA) is in the news due to the incorporation of a wholly-owned subsidiary is a routine corporate action to facilitate project execution and does not inherently indicate a positive or negative financial outcome at this stage.
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PNC Infratech Incorporates Wholly Owned Subsidiary 'PNC REI PRIVATE LIMITED'
December 31, 2025, 10:02 AM
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PNC Infratech Limited has announced the incorporation of its wholly-owned subsidiary, 'PNC REI PRIVATE LIMITED', on December 31, 2025. This new entity, registered with CIN U35105UP2025PTC240153, will function as a Special Purpose Vehicle (SPV).
The subsidiary has an authorized and paid-up capital of ₹15,00,000, comprising 1,50,000 equity shares of ₹10 each. It has been established to undertake projects related to the renewable energy sector, specifically a Solar Energy Project that PNC Infratech Limited has been awarded.
PNC REI PRIVATE LIMITED is a related party to PNC Infratech Limited as it is a wholly-owned subsidiary. The company has stated that any transactions with this subsidiary will be conducted at an arm's length basis. The acquisition cost was ₹10.0 per share, with PNC Infratech Limited and its other wholly-owned subsidiary, PNC RENEWABLE ENERGY PRIVATE LIMITED, collectively acquiring 100% of the shares. As the entity has just been incorporated and has yet to commence business operations, there is no immediate impact on PNC Infratech Limited.
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