Divestment of 14.01% stake in IEX lifts PTC India Financial Services

30 Mar 2012 Evaluate

PTC India Financial Services is currently trading at Rs 15.95, up by 1.05 points or 7.05% from its previous closing of Rs 14.90 on the BSE.

The scrip opened at Rs 15.05 and has touched a high and low of Rs 16.40 and Rs 15.00 respectively. So far 428761 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 25.75 on 01-Apr-2011 and a 52 week low of Rs 9.70 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs 16.40 and Rs 14.70 respectively. The current market cap of the company is Rs 896.52 crore.

The promoters holding in the company stood at 60.00% while Institutions and Non-Institutions held 28.81% and 11.19% respectively.

PTC India Financial Services (PFS) has sold its part stake in Indian Energy Exchange (IEX) at more than 16 times the cost. The company has divested 14.01% stake in IEX at Rs 166.51 per share, aggregating to Rs 70.76 crore. Earlier, PFS had subscribed to the shares at face value of l0 per share, and, during FY11 had also divested part stake in IEX at Rs 115.41 per share.

IEX is India's first electricity exchange and offers an online electricity trading platform for trading, clearing, and settlement operations. It was jointly promoted by Financial Technologies (India) and PFS in 2007. PFS had earlier sold a 5% stake to Bessemer Venture Partners and Lightspeed Venture Partners.

PFS is an Indian non-banking finance institution promoted by PTC India, the company  offers an integrated suite of financial services with a focus on infrastructure development, including providing debt (short term and long term) financing and making principal investments in, private sector Indian companies in the power sector, including power generation, equipment supply and fuel source projects.

PTC India Fin. Serv Share Price

40.28 0.76 (1.92%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Finance 6685.45
Shriram Finance 2852.45
Aditya Birla Capital 186.55
SBI Cards AndPayment 679.45
Mah & Mah Finl. Serv 263.55
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