PTC India Financial Services (PFS) is planning to raise up to Rs 250 crore from Life Insurance Corporation (LIC) under Partial Credit Enhancement (PCE). LIC has agreed to participate in up to Rs 250 crore in its first tranche of bonds of Rs 580 crore which would be backed by partial credit enhancement of State Bank of India (SBI) to the extent of 20 per cent of initial issued bond amount.
PTC India Financial Services is an Indian non-banking financial institution. The company makes principal investments in, and provides financing solutions for, companies with projects across the energy value chain.
