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PTC India shines on inviting bids for stake buy in subsidiary

17 Jul 2020 Evaluate

PTC India is currently trading at Rs. 50.10, up by 1.95 points or 4.05% from its previous closing of Rs. 48.15 on the BSE.

The scrip opened at Rs. 49.75 and has touched a high and low of Rs. 51.25 and Rs. 49.50 respectively. So far 365820 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.45 on 13-Jan-2020 and a 52 week low of Rs. 32.40 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 51.25 and Rs. 47.50 respectively. The current market cap of the company is Rs. 1497.80 crore.

The promoters holding in the company stood at 16.22%, while Institutions and Non-Institutions held 46.15% and 37.61% respectively.

PTC India has invited bids from interested investors for acquiring the company's controlling stake in its subsidiary PTC India Financial Services. It has plans of divesting its controlling stake in PTC India Financial Services (PFS). Subsequent to delays on account of the ongoing COVID-19 pandemic, requisite internal approvals have been received to reinitiate the process of exploring opportunities for monetizing the company's investment in PFS.

PTC India is the leading provider of power trading solutions in India.

PTC India Share Price

184.80 2.00 (1.09%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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