Announced Tue, 14 Jul · 17:24 IST
HEC Infra Projects to form new subsidiary for engineering services
Strategic Transactions View source PDF
HECPROJECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.3%1-day move
₹127.50
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-4.3-8.1-10.3+8.8+10.0+11.3————
Up moveDown movePending
AI summary
HEC Infra Projects board approved forming a new subsidiary, Shivam Grid Solutions Private Limited, in which it will hold 51 percent equity via cash subscription. The new entity will provide electrical, mechanical, and engineering support services including technical manpower supply. Further disclosures will follow once the subsidiary is incorporated.
Likely market impact
Minor positive: diversification into engineering support via new 51 percent subsidiary. Capital details pending; await further disclosures.