PNC Infratech Limited has successfully concluded an internal equity transfer among its promoter group. The transaction, involving a partition of family-owned Hindu Undivided Families (HUFs), resulted in the transfer of 1,96,08,000 equity shares, representing 7.64% of the company’s total share capital. The transfer was conducted off-market on March 27, 2026, with no change in the total aggregate promoter group shareholding, which remains at 56.07%.
Details of Internal Share Transfer
Following a family partition, members of the promoter group have realigned their holdings in PNC Infratech Limited. This transition involved the transfer of 1,96,08,000 equity shares from three entities—Pradeep Kumar Jain HUF, Chakresh Kumar Jain HUF, and Yogesh Kumar Jain HUF—to individual family members, namely Madhavi Jain, Chakresh Kumar Jain, Meena Jain, and Ashita Jain.
Impact on Shareholding Structure
The transaction, completed on March 27, 2026, is purely internal to the promoter group. The aggregate shareholding of the promoter group remains unchanged at 56.07% of the company’s total voting capital. The individual holdings of the transferees have increased correspondingly, reflecting their new ownership stakes post-partition, while the transferor HUF entities now hold zero shares in the target company.
Commitment to Transparency
The acquisition was executed at nil consideration, as it follows the internal partition of family assets. The company confirmed that all necessary disclosures were filed in accordance with standard market protocols. This restructuring aligns the individual promoter holdings with the outcome of the family partition while maintaining the stability of the overall promoter group’s control over the company.
Source: BSE
