Shristi Infrastructure Develops Wholly Owned Subsidiary in Real Estate Sector
Shristi Infrastructure Development Corporation Ltd. (SIDCL) has incorporated a new wholly owned subsidiary dedicated to expanding its operational scope and acquiring new business ventures. The new entity is named Shristi Realty Holdings Limited, which was formally incorporated on July 30, 2026.The incorporation marks a strategic move for SIDCL into the Real Estate and Construction industry through this dedicated subsidiary.
Details surrounding the establishment of Shristi Realty Holdings Limited are as follows:
| Detail | Specification |
|---|---|
| Name of Entity | Shristi Realty Holdings Limited |
| Country of Incorporation | India |
| Date of Incorporation | July 30, 2026 |
| Industry | Real Estate / Construction |
| Relationship to SIDCL | Wholly Owned Subsidiary (WOS) |
The incorporation process involved a cash consideration by SIDCL. The parent company, Shristi Infrastructure Development Corporation Ltd., will subscribe to 100% of the initial paid up share capital of the proposed WOS.
According to the terms of subscription, the shares of Shristi Realty Holdings Limited were subscribed at a face value of INR 10/- per share. The establishment grants SIDCL complete control over the subsidiary's operations, making it a Wholly Owned Subsidiary (WOS).
Stock Price Movement
Shristi Infrastructure Development Corporation Ltd. concluded trading today at ₹31.90, posting a strong gain of 6.33%.Shares moved throughout the session within a range, hitting a high of ₹33.00 and dipping to a low of ₹28.60.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.
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