About Pilani Investment & Industries Corporation Ltd
Pilani Investment and Industries Corporation Limited, established in August 1948, operates as a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. The company primarily holds investments in its subsidiaries, other group entities, and mutual funds, adhering to the RBI's guidelines for NBFCs. Initially listed on the Madhya Pradesh Stock Exchange and the Delhi Stock Exchange, Pilani Investment focuses on strategic investment management.
Notably, during the financial year 2017-18, Kesoram Industries Limited ceased to be an associate company. Additionally, Century Textiles and Industries Limited, another associate, announced a demerger of its cement business into UltraTech Cement Limited. As part of this demerger, shareholders received one UltraTech Cement share for every eight Century shares held. This restructuring highlights Pilani Investment's involvement in significant corporate transformations within its investment portfolio.
