Subsidiary26 Oct 2026, 01:27 pm
PTC India to set up wholly owned subsidiary for Mineral Exchange
AI Summary
PTC India's Board of Directors has approved the incorporation of a wholly owned subsidiary to establish and operate a Mineral Exchange in India. This exchange will facilitate delivery-based electronic trading in minerals. The company has applied for an extension from the Indian Bureau of Mines (IBM) for registration. PTC India will invest up to ₹65 crores in the proposed subsidiary, with an initial subscription of ₹10 crores.
Key Highlights
- Board approves incorporation of a wholly owned subsidiary.
- Subsidiary will establish and operate a Mineral Exchange.
- Investment of up to ₹65 crores planned for the subsidiary.
- Trading will be delivery-based and electronic.
- Application for registration with IBM is pending.
Price Impact
More from PTC