PTC India Ltd Board approves acquisition of Energy Consulting Business undertaking of IL&FS Energy Development Company

PTC India Limited's Board in its meeting held on 24th June, 2021 has approved a Letter of Intent (LoI) dated 17th June 2021, for acquisition of the Energy Consulting Business undertaking of IL&FS Energy Development Company, a Group Company of IL&FS, for an undisclosed value, on a Slump Sale basis. The LoI was issued after following due process prescribed under the Resolution Framework approved by NCLT for IL&FS Group entities.

Shares of PTC INDIA LTD. was last trading in BSE at Rs.103.8 as compared to the previous close of Rs. 105.3. The total number of shares traded during the day was 66156 in over 959 trades.

The stock hit an intraday high of Rs. 106.35 and intraday low of 103.2. The net turnover during the day was Rs. 6933776.

Source : Equity Bulls

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