PTC India Financial slumps 19% on resignation of 3 independent directors

Three independent directors of the NBFC have resigned from the board with immediate effect citing instances of alleged serious lapses in corporate governance and compliance.

Shares of PTC India Financial Services slumped 19 per cent to Rs 20.65 on the BSE in Thursday’s intra-day trade after three independent directors of the non-banking finance company (NBFC) resigned from the board with immediate effect citing instances of alleged serious lapses in corporate governance and compliance.

Shares of PTC India, a parent company of PTC India Financial Services, dipped 7 per cent to Rs 104.50 on the BSE.

At 09:52 am; PTC India Financial Services was down 13 per cent at Rs 22.35, as compared to 0.37 per cent decline in the S&P BSE Sensex. The