Today's Pick: PNC Infratech (306.6): BUY
Accumulate on dips at 30405-05-2023
PNC Infratech Ltd - 539150 - Incorporation Of A Wholly Owned Subsidiary Company As A Special Purpose Vehicle ('SPV')
In continuation of our announcements dated March 14, 2023 and April 01, 2023 and in compliance with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that our Company has incorporated a Wholly- Owned Subsidiary Company in the name and style of 'VARANASI KOLKATA HIGHWAY PACKAGE 6 PRIVATE LIMITED' as a Special Purpose Vehicle ("SPV") on May 04, 2023 having CIN: U42101DL2023PTC413618 to implement an highway project awarded by National Highways Authority of India (NHAI). Details as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 are mentioned in Annexure. We request you to take note of the same.04-05-2023
PNC Infratech Ltd - 539150 - Incorporation Of A Wholly Owned Subsidiary Company As A Special Purpose Vehicle ('SPV')
In continuation of our announcements dated March 09, 2023 and April 01, 2023 and in compliance with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that our Company has incorporated a Wholly- Owned Subsidiary Company in the name and style of 'VARANASI KOLKATA HIGHWAY PACKAGE 3 PRIVATE LIMITED' as a Special Purpose Vehicle ("SPV") on May 02, 2023 having CIN: U42101DL2023PTC413530 to implement an highway project awarded by National Highways Authority of India (NHAI). Details as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 are mentioned in Annexure.02-05-2023
PNC Infratech Ltd - 539150 - Incorporation Of A Wholly Owned Subsidiary Company As A Special Purpose Vehicle ('SPV')
In continuation of our announcements dated March 09, 2023 and April 01, 2023 and in compliance with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that our Company has incorporated a Wholly- Owned Subsidiary Company in the name and style of ''VARANASI KOLKATA HIGHWAY PACKAGE 2 PRIVATE LIMITED' as a Special Purpose Vehicle ("SPV") on April 30, 2023 having CIN: U42101DL2023PTC413443 to implement an highway project awarded by National Highways Authority of India (NHAI). Details as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 are mentioned in Annexure. We request you to take note of the same.01-05-2023
PNC, JPM, Citizens among final bidders in First Republic auction
The Federal Deposit Insurance Corp had been expected to announce a deal on Sunday night, with the regulator likely to say at the same time that it had seized the lender, three sources previously told Reuters.01-05-2023
FDIC needs 'lowest-cost' First Republic alternative, says Ro Khanna
The FDIC has asked banks including JPMorgan Chase & Co., PNC Financial Services Group Inc., US Bancorp and Bank of America Corp. for bids, according to people with knowledge of the discussions30-04-2023
First Republic auction underway with JPMorgan, Citizens, PNC, and more banks bidding
The interested banks are currently evaluating options and it is likely that lenders will bid for all of First Republic's deposits, a sizable chunk of its assets, and some of its liabilities30-04-2023
PNC Infratech Ltd - 539150 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyPNC Infratech Ltd 2CIN NO.L45201DL1999PLC195937 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 132.83 4Highest Credit Rating during the previous FY AA+ 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CARE RATINGS LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: Tapan Jain Designation: Company Secretary and Compliance Officer EmailId: tapan@pncinfratech.com Name of the Chief Financial Officer: Bhupinder Kumar Sawhney Designation: Chief Financial Officer EmailId: bsawhney@pncinfratech.com Date: 27/04/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.27-04-2023
PNC Infratech Ltd - 539150 - Receipt Of 'Letter Of Acceptance' From Ministry Of Road Transport & Highways (MORT&H)
In continuation to our earlier announcements dated March 27, 2023 and in accordance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that our Company has received Letter of Acceptance (LOA) from the Ministry of Road Transport & Highways (MORT&H) (the 'Authority') on 21st April 2023 for the Project as mentioned in Annexure. Additional details of the Project pursuant to the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, are mentioned in Annexure. We request you to take note of the same.21-04-2023
PNC Infratech Ltd - 539150 - Receipt Of Provisional Completion Certificate For 'Four Laning Of Koilwar To Bhojpur Section Of NH-30 & 84 From Existing Chainage Km. 131.375 Of NH-30 To Km. 27.370 Of NH-84 (Design Chainage Km. 33.250 To Km.77.100) (Design Length -43.850 Km) In The State Of Bihar Under NHDP Phase -III On Engineering Procurement And Construction (EPC) Mode"
In accordance with the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that a project namely 'Four Laning of Koilwar to Bhojpur section of NH-30 & 84 from existing chainage Km. 131.375 of NH-30 to km. 27.370 of NH-84 (Design Chainage km. 33.250 to Km.77.100) (Design Length -43.850 Km) in the state of Bihar Under NHDP Phase -III on Engineering Procurement and Construction (EPC) Mode' executed by PNC Infratech Limited - SP Singla Construction Private Limited -JV (PNC-SPCPL JV) has been provisionally completed. Accordingly, 'Provisional Completion Certificate' dated 18.4.2023 declaring the Project fit for entry into commercial operation with effect from 18thApril, 2023 has been issued by the Independent Engineer vide his e-mail dated 19thApril, 2023. Other details as per Annexure20-04-2023