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PTC India Financial share price gains 3% on Rs 500cr loan from BOI

The loan will be used for lending to infrastructure projects and other operational requirements.

December 31, 2019 / 10:50 AM IST
 
 
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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.
Moneycontrol News
first published: Dec 31, 2019 10:50 am

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