PTC India Financial Services (PFS) has raised money through issuance of Non-Convertible Debentures (NCDs) - Series 5 by way of private placement for Rs 150 crore. The debentures are redeemable over a period of 7 years.
The issue has been fully subscribed by FMO, Dutch Development Bank. The NCDs shall augment the long term resources of the company and will help in lowering the cost of funds of the company.
PTC India Financial Services (PFS) is a non-banking finance company promoted by PTC India. PFS has been granted the status of an Infrastructure Finance Company (IFC) by the Reserve Bank of India. The company offers an array of financial products to infrastructure companies in the entire energy value chain. PFS also provides fee based services viz loan syndication and underwriting etc.
