PTC India Financial Services is currently trading at Rs. 12.49, up by 0.52 points or 4.34% from its previous closing of Rs. 11.97 on the BSE.
The scrip opened at Rs. 12.36 and has touched a high and low of Rs. 12.49 and Rs. 12.24 respectively. So far 56,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 18.85 on 07-Jan-2013 and a 52 week low of Rs. 9.50 on 22-Aug-2013.
Last one week high and low of the scrip stood at Rs. 12.49 and Rs. 11.51 respectively. The current market cap of the company is Rs. 698.00 crore.
The promoters holding in the company stood at 60.00% while Institutions and Non-Institutions held 23.96% and 16.04% respectively.
PTC India Financial Services (PFS), a leading Infrastructure Finance Company focused on lending across the energy value chain, has divested its entire stake of 16.76% in Meenakshi Energy (MEPL) for an amount of Rs 209.73 crore. The proceeds out of the divestment will be used to strengthen balance sheet and augment loan book growth.
MEPL is setting up a 1000 MW coal based thermal power project in Andhra Pradesh, of which phase I of 300 MW is commissioned.
PFS continues to maintain a strong focus on growing its loan book, backed by emphasis on renewable energy and diversification across the energy value chain. The company maintains a diversified borrowing mix and is adequately funded to scale up its lending activity and achieve sustained growth. The current equity investment exit will further aid headroom for growth.
The scrip opened at Rs. 12.36 and has touched a high and low of Rs. 12.49 and Rs. 12.24 respectively. So far 56,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 18.85 on 07-Jan-2013 and a 52 week low of Rs. 9.50 on 22-Aug-2013.
Last one week high and low of the scrip stood at Rs. 12.49 and Rs. 11.51 respectively. The current market cap of the company is Rs. 698.00 crore.
The promoters holding in the company stood at 60.00% while Institutions and Non-Institutions held 23.96% and 16.04% respectively.
PTC India Financial Services (PFS), a leading Infrastructure Finance Company focused on lending across the energy value chain, has divested its entire stake of 16.76% in Meenakshi Energy (MEPL) for an amount of Rs 209.73 crore. The proceeds out of the divestment will be used to strengthen balance sheet and augment loan book growth.
MEPL is setting up a 1000 MW coal based thermal power project in Andhra Pradesh, of which phase I of 300 MW is commissioned.
PFS continues to maintain a strong focus on growing its loan book, backed by emphasis on renewable energy and diversification across the energy value chain. The company maintains a diversified borrowing mix and is adequately funded to scale up its lending activity and achieve sustained growth. The current equity investment exit will further aid headroom for growth.
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