Subsidiary16 Jul 2026, 04:22 pm
Premier Energies Incorporates Wholly Owned Subsidiary
AI Summary
Premier Energies Ltd has announced the incorporation of its wholly owned subsidiary, Premier Battery Technologies Private Limited, on July 15, 2026. The new entity will focus on the Battery Energy Storage System, Battery Cell, Battery Material, and related electronics, hardware, and software business segments. The incorporation involved a cash consideration with an initial subscription of 50,000 equity shares, representing 100% shareholding, for ₹5,00,000 out of an authorised share capital of ₹10,00,000.
Key Highlights
- Premier Energies Ltd established a new wholly owned subsidiary.
- The subsidiary, Premier Battery Technologies, will operate in the battery sector.
- This move signifies expansion into energy storage and battery technology.
- The company holds 100% shareholding in the new entity.
Price Impact
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