Friday, March 11, 2011

PTC India Financial Services to launch IPO on March 16, 2011

PTC India Financial Services Ltd (PFS) is entering in the capital markets with an initial public offering, IPO of 156,700,000 Equity Shares of Rs. 10 each. The price band for the issue has not been fixed yet.

PTC India Financial Services Ltd (PFS) is an Indian non-banking financial institution, a subsidiary of and promoted by  PTC India Limited ("PTC"). They are financial institutions in India that provide both equity and debt financing, including short-term and long-term debt, as well as structured debt financing. Thet also provide fee based syndication and advisory services as well as carbon credit financing against certified emissions reduction (CER) exclusively to the power sector.

The issue opens on Mar 16, 2011 and closes for subscription on Mar 18, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Click on the below link to find more detail about PTC India Financial Services Ltd IPO: