PTC India Financial Services (PFS) has executed a loan agreement with International Finance Corporation (IFC) for borrowing up to Rs 1,620 million to finance the renewable projects.
The loan is repayable in 36 quarterly installments with a three year moratorium on principal repayments and is availed at fixed interest rate on fully hedged basis. PFS has earlier availed a loan of $50 million from IFC and $26 million from DEG.
PFS is an Indian non-banking finance company promoted by PTC India and classified as Infrastructure Finance Company by the Reserve Bank of India.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 934.10 |
| Shriram Finance | 1046.95 |
| Aditya Birla Capital | 351.00 |
| Chola Invest & Fin. | 1567.10 |
| Tata Capital | 337.35 |
| View more.. | |
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