HomeNewsBusinessCorporate ActionStake sale proceeds to help strengthen balance sheet, propel growth: PTC India Fin
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Stake sale proceeds to help strengthen balance sheet, propel growth: PTC India Fin

Ashok Haldia, MD & CEO, PTC India Financial Services said the proceeds from this stake sale will help strengthen balance sheet and augment their ability to grow further.

March 30, 2017 / 15:39 IST
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PTC India Financial Services (PFS) has sold its entire 5 percent stake in Indian Energy Exchange for Rs 132.5 crore.

Ashok Haldia, MD & CEO, PTC India Financial Services said the proceeds from this stake sale will help strengthen balance sheet and augment their ability to grow further. Capital adequacy currently stands at 23-24 percent, he added.

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In an interview to CNBC-TV18, he also spoke about other business aspects.

For full interview, watch video.

TAGS: #Business #Corporate Action #Indian Energy Exchange #PFS #PTC India Financial Services #stake sale
first published: Mar 30, 2017 03:19 pm

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