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Ashmore to acquire PTC asset mgmt firm

Ashmore, the London-based emerging markets asset manager, will hold majority 60 per cent equity in the asset management company for India Energy Infrastructure Fund. PTC India Ltd, a joint venture of power sector companies primarily into energy trading, will hold the remaining 40 per cent. The two launched the close-ended fund in May to provide equity financing to energy projects, including those related to generation, transmission, distribution, fuel extraction and fuel transport infrastructure. “Ashmore will hold 60 per cent in the company and PTC will hold the remaining 40 per cent ...