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    HomeNewsBusinessIPOPTC India Fin Services IPO likely in March

    PTC India Fin Services IPO likely in March

    PTC India Financial Services, a unit of power trader PTC India, is likely to launch its initial public offering to raise Rs 4.5 billion in March, Chairman T N Thakur said on Monday.

    March 08, 2011 / 08:44 IST
       
       
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      PTC India Financial Services, a unit of power trader PTC India, is likely to launch its initial public offering to raise Rs 4.5 billion in March, Chairman T N Thakur said on Monday.


      The company plans to offer 157 million shares to investors and the price band will be finalised in a day or two, Thakur told reporters.

      The proceeds will be used to expand its lending business to power and other infrastructure projects.

      first published: Mar 7, 2011 07:18 pm

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