COMPANY LAW
| PTC India to raise up to Rs 600 cr via IPO Fri, 11 Feb 2011 15:02:02 +0530 |
| Power trader PTC India will raise up to Rs 600 crore by listing its financial services unit, sources said. The market regulator, the Securities and Exchange Board of India, gave final clearance for the state-run company to go ahead with the IPO of PTC Financial Services, said the sources, who declined to be named as they were not authorised to speak to the media before a public announcement. In December, the company had said it filed papers for the IPO and aims to launch the issue in the fiscal year ending March 2011. Avendus Capital, SBI Capital Markets, JM Financial Services, ICICI Securities and Almondz Global Securities are the arrangers to the issue. |
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