Pee Cee Cosma Sope Ltd Approves Investment in Wholly Owned Subsidiary
Pee Cee Cosma Sope Limited announced that its Executive Committee of the Board of Directors approved an investment in the equity shares of India Trading Infra Ltd. This decision was made during the committee meeting held on April 11, 2026.The investment involves subscribing to the rights issue for equity shares of India Trading Infra Ltd., which is a Wholly Owned Subsidiary of the Company. The total investment sanctioned does not exceed Rs. 3,50,00,000, corresponding to the subscription of up to 35,00,000 equity shares with a face value of Rs. 10 each, at par.
Details of the Investment
The investment will be made in one or more tranches. India Trading Infra Limited, formerly known as Surajbhan Agencies Limited, operates in the trading of infrastructure materials.The financial details regarding the acquisition are outlined below:
| Detail | Value |
|---|---|
| Target Entity Name | India Trading Infra Limited |
| Nature of Interest | Wholly Owned Subsidiary |
| Turnover of Target Entity | 21.41 lacs |
| Industry | Trading of Infrastructure materials |
| Consideration Nature | Cash Consideration |
| Total Cost of Acquisition | Rs. 3,50,00,000 (Three crore Fifty Lacs only) |
| Shares Subscribed | 35,00,000 fully paid-up equity shares |
The board noted that the capital infusion is intended to support the company's general business requirements, manage the liquidity position, and support the expansion of business activities, as India Trading Infra Limited possesses sufficient capital adequacy and liquidity for its existing liabilities.
India Trading Infra Limited was incorporated on March 29, 1993, and its line of business involves infrastructure-related materials and solutions. The investment will result in Pee Cee Cosma Sope Limited maintaining 100% of the Share Capital of India Trading Infra Limited.
Stock Price Movement
At the close on Friday, Pee Cee Cosma Sope Ltd settled at ₹348.50, marking a -3.73% decline. The shares moved across the day, finding their range between a low of ₹345.00 and a peak of ₹379.00.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.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.