Business Standard

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.

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.
Premium

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.

SI Reporter Mumbai
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 20 2022 | 10:12 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com