The loan will be used for lending to infrastructure projects and other operational requirements.
Shares of PTC India Financial Services rallied 3 percent intraday on December 31 after getting a sanction for fresh long term loan.
The infrastructure finance company received fresh sanction of Rs 500 crore from Bank of India.
The loan was at an interest rate of 8.50 percent per annum for a period of 10 years.
The loan will be used for lending to infrastructure projects and other operational requirements.The stock was quoting at Rs 13.21, up Rs 0.17, or 1.30 percent on the BSE at 1026 hour IST.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.