In an interview to CNBC-TV18, the company‘s chairman and managing director,Tantra Narayan Thakur said the fall in topline was due to conservative merchant rates
in an interview on CNBC-TV18, PTC India's chairman and managing director Tantra Narayan Thakur said that the listing has not been great but it should improve. "The cost of borrowings would come down since it has been awarded a infrastructure finance company status and is authorized to raise external commercial borrowings."
Shares of PTC India Financial Services listed Wednesday with a 4.5% discount on the National Stock Exchange and slipped further 16% to Rs 23.50, which some analysts said was because of high valuations.