Corporate Announcement
Security Code : 539150    Company : PNCINFRA    
 
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Sale Or Disposal Of Subsidiary Of The PNC Infratech Limited ('The Company')Download PDF Download XBRL
  Exchange Received Time  10/03/2017 19:15:52         Exchange Disseminated Time   10/03/2017 19:15:56              Time Taken   00:00:04
This is to inform that the Company has sold its investment 26500 no. of equity shares held in PNC Power Private Limited ('PNC Power') equivalent to 76.50% of the Paid up capital of the Subsidiary Company. Since the said subsidiary could not have any business activity over a good period of more than 4 years. Therefore, the Company is desirous of exiting its investment in equity shares of said subsidiary. Details as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 given in Annexure A. This is further informed you that resulting to the aforesaid transaction came into effect 'PNC Power Private Limited' ceased to be subsidiary of the Company.
 

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