PTC Financial Services IPO : Files DRHP with SEBI

by khalid on 26/12/2010 · 0 comments

PTC Financial Services Limited (PFS) has informed the share market (BSE/NSE) that they have planning to enter capital markets with its maiden public issue of —— equity shares of Rs 10 each constituting Rs 500 crore. The company has filed a Draft Red Herring Prospectus (DRHP) on 22nd December 2010 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The IPO price band has not been decided yet. PTC India Financial Services is a subsidiary of PTC India. The company was established in 2008-09 for providing equity support to power projects in the country, the company also invests in renewable energy projects including wind farms and biomass projects.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

Stay tuned to BelltheBull Blog for more news on PTC Financial Services IPO !

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