PTC India Financial Services Initial Public Offer Likely In March

PTC India Financial Services Initial Public Offer Likely In MarchPTC India Financial-Services, a unit of power-trader PTC India, is expected to start its IPO to increase Rs 4.5 billion in-March, Chairman T N Thakur mentioned on Monday.

The firm intends to offer 157 million stocks to investors as well as the price band is going to be finished in a day or 2, Thakur told reporters.

The IPO proceeds will be utilized to broaden its financing business to power as well as other infrastructure projects.

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