Shares of PNC lnfratech are in news today after the infra firm said it has incorporated a new wholly owned subsidiary PNC Renewable Energy Private Limited.

"The company being 'Wholly Owned Subsidiary' (WOS), entity is a related party of PNC Infratech Limited (Company). The transactions, if any, with the WOS shall be at an arm's length," said the infra firm. The subsidiary will be engaged in renewable energy and related works/activities/ operations. The entity is yet to commence its business operations. Advertisement

PNC Renewable Energy Private Limited has been incorporated by the company as a 'Wholly Owned Subsidiary'to take up the projects related to Renewable Energy Sector

Meanwhile, PNC Infratech stock ended 1.46% lower at Rs 284.40 on Monday against the previous close of Rs 288.60

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