PTC India Financial Services raises Rs 150 crore

Through private placement of NCDs - Series 5

PTC India Financial Services has raised money through issue of Non-Convertible Debentures - Series 5 by way of private placement for Rs 150 crore. The debentures are redeemable over a period of 7 years. The issue has been fully subscribed by FMO, Dutch Development Bank. The NCDs shall augment the long term resources of the Company and will help in lowering the cost of funds for the Company.

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