PNC Infratech has sold its 26,500 shares equivalent to 76.50% paid up capital in its subsidiary PNC Power to Aniket Tie-up for Rs 15.10 lakh. Consequently, PNC Power ceased to be subsidiary of the company. The company sold its investments in PNC Power since it could not have any business activity over a good period of more than 4 years.
PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.
