Accel Ltd. to Incorporate Wholly-Owned Subsidiary for Technology Park Development
Accel Ltd. announced on March 31, 2026, the approval to incorporate a wholly-owned subsidiary, INFINIUUM TECHPARKS PRIVATE LIMITED, engaged in the development of technology parks, cyber parks, and real estate activities. The new company will be based in Chennai, Tamil Nadu, India.INFINIUUM TECHPARKS PRIVATE LIMITED will be involved in the development, acquisition, operation, leasing, and management of technology parks, IT/ITES campuses, data centers, co-working spaces, and real estate activities.
The initial paid-up share capital will be subscribed for in cash at a cost of ₹10,00,000, representing 10,00,000 equity shares with a face value of ₹10 per share. Accel Limited will hold 100% of the subsidiary’s shares.
The Board of Directors meeting that approved the incorporation commenced at 12:00 P.M. (IST) and concluded at 01:15 p.m. (IST).
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the entity, date & country of incorporation, etc. | INFINIUUM TECHPARKS PRIVATE LIMITED (under incorporation); Incorporation is under process; Chennai, Tamil Nadu, India |
| 2 | Name of holding company of the incorporated company and relation with the listed entity | Accel Limited, the Holding Company |
| 3 | Industry to which the entity being incorporated belongs | Real Estate - Technology Parks |
| 4 | Brief background about the entity incorporated in terms of products/line of business | Development, acquisition, ownership, operation, leasing and management of technology parks, IT/ITES campuses, data centres, co-working spaces and related built-up infrastructure, as well as real estate activities |
| 6 | Nature of consideration - whether cash consideration or share swap and details of the same | 100% subscription to the initial paid-up share capital in cash. |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.