In a BSE filing, PFS said, "it has divested its entire stake in India Energy Exchange (IEX) for an amount of Rs 132.54 crore".
In Q3 results released on Monday, the company said its net profit had risen 19.8 percent year-on-year to Rs 83.2 crore.
The government's renewables push will boost the company's performance in FY17, says CEO and MD Ashok Haldia.
The financial services firm has not added any NPAs in the December quarter and the stressed assets in NPA remain constant since Q3, says Ashok Haldia, MD & CEO, PTC Financial Services.
As per the agreement, PFS and IIFCL will come together to provide a single window to promoters of infrastructure projects, particularly in energy sector, and facilitate their financing in India, the company said in a statement.
As part of the scheme, PFS will offer credit guarantee after detailed appraisal to eligible projects along with other financial institutions for providing partial guarantees for projects and the same shall be backed by adequate security, it added.
PTC India Financial Services (PFS) on Friday said that it has divested its entire stake in Ind-Barath Energy (Utkal) for Rs 311.93 crore.