PTC India Financial Services, the non-banking finance arm of power trader PTC India, launched its 15.67 crore IPO on March 16th with a share price band of Rs 26-28 in a bid to strengthen its capital base and to meet future capital requirements. The issue closed on March 18th. The listing, however, did not gain expected response from the investors. Analysts say the company is heavily dependent on parent PTC India for its business growth and the high cost of borrowings of over 10% was also a concern.
However, in an interview on CNBC-TV18, PTC IndiaDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
