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PTC India (formerly known as Power trading Corporation of India) is taking investment from a host of private equity funds or strategic investors in its financial arm PTC Financial Services (PFS). The Economic Times reports that funds like Blackstone, Salomon Brothers and Goldman Sachs are talking to PTC, a publicly held company engaged in power trading, coal trading and advisory services, for picking up a 49 per cent stake in its finance arm.

PTC Chairman and Managing Director T N Thakur told CNBC-TV18 this morning that the company is talking to strategic investors, and it is even ready to dilute stake to 26 per cent, which means the stake up for sale is as high as 74 per cent.

ET report puts the price of 49 per cent stake in the range of Rs 150 crore ($37.5 million). PFS is registered as a non-banking finance company (NBFC), and is a wholly-owned subsidiary of PTC. It was set up to provide financial services for power generation projects. It will also pick equity in power projects. Besides, Blackstone, Salomon Brothers and Goldman Sachs, there could be more funds in the race for a stake in PFS.