PTC India to foray into PE business

11 Feb 2009

PTC India, the country’s leading power trading company, is planning to foray into the private equity business with an initial investment of more than Rs 500 crore. The PE firm will in turn raise funds from other institutional investors, domestic and overseas.


The company is contemplating to raise up to Rs 1,500 crore through various routes, which will be partly used to start the PE fund. Of this, Rs 1,200 crore will be raised by PTC through private placement of non convertible debentures (NCDs) and warrants. Another Rs 300 crore will be mopped up by PTC Finance Services (PFS), the financial arm of PTC India.


PFS is a non-banking financial services company, in which Goldman Sachs and Macquarie India Holdings had picked up 40 per cent stake in January 2008 for Rs 156 crore. The board of PFS is slated to meet early next week to decide the modality of raising fresh funds

Related PTC India Ltd. Links:

PTC India Share Price

82.50 -1.00 (-1.20%) May 07, 18:03
1 Year Price Chart
Company Name CMP
NTPC 105.05
Power Grid Corpn. 214.60
Tata Power 102.65
PTC India 82.50
Torrent Power 416.00
View more..
Sensex vs PTC India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323