PTC India Financial Services Ltd receives subscription of Rs. 300 crore for Commercial Paper

PTC India Financial Services Limited (PFS) has received Commercial Paper (CP) subscription of Rs.300 crore at competitive interest rate from a nationalized bank. The money received / to be received under the current CP issuance is to be utilized for augmenting of cash flows at competitive cost and for on lending to sustainable infrastructure projects, and it would help in improving Net Interest Margin (NIM) of the company with diversified sources of borrowing.

Shares of PTC INDIA FINANCIAL SERVICES LTD. was last trading in BSE at Rs.13.2 as compared to the previous close of Rs. 13.37. The total number of shares traded during the day was 184212 in over 429 trades.

The stock hit an intraday high of Rs. 13.51 and intraday low of 13.02. The net turnover during the day was Rs. 2433498.

Source : Equity Bulls

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