Pee Cee Cosma Sope invests ₹3.5 Cr in wholly-owned subsidiary

Pee Cee Cosma Sope Ltd's Executive Committee has approved an investment of up to ₹3.50 Crores in its wholly-owned subsidiary, India Trading Infra Ltd. This investment will be made by subscribing to 3,500,000 equity shares of ₹10 each at par through a rights issue. The capital infusion aims to meet the subsidiary's general business requirements, address working capital needs, and support the expansion of its business activities. India Trading Infra Ltd, which had a turnover of ₹21.41 lacs, is engaged in the trading of infrastructure materials. This move is expected to enhance the subsidiary's liquidity and ensure smooth operations, maintaining Pee Cee Cosma Sope's 100% shareholding.