PTC India Financial Services Limited ( PFS) pleased to inform that Life Insurance Corporate (LIC) has agreed to participate upto Rs.250 crore in its first tranche of bonds of Rs.580 crore which would be backed by partial credit enhancement (PCE) of State Bank of India (SBI) to the extent 20% of initial issued bond amount. In November 2018, Reserve Bank of India (RBI), with a view to provide liquidity support to NBFCs, has allowed banks to provide PCE facility to NBFCs to support their bond issuance. PFS became the first NBFC - IFC in the country to avail such facility from SBI to the extent Rs.400 crore to support its bond issuance upto Rs.2,000 crore. The first tranche of PFS proposed bond of Rs.580 crore, with structured repayment in ten year and backed by SBI PCE to the extent 20% of bond issuance amount, has been rated as AA+ (SO) by CRISIL.
Shares of PTC INDIA FINANCIAL SERVICES LTD. was last trading in BSE at Rs.12.94 as compared to the previous close of Rs. 12.56. The total number of shares traded during the day was 59141 in over 135 trades.
The stock hit an intraday high of Rs. 13.1 and intraday low of 12.39. The net turnover during the day was Rs. 761442.