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PTC Financial Services (PFS), the investment arm of power trading and advisory services company PTC India, is getting Rs 120 crore ($30.4 million) investment from the private equity arm of Goldman Sachs and Australia's Macquarie Bank, according to The Economic Times. They will pick up 20 per cent stake each in PFS, a company which provides financial services for power generation projects. PTC would hold the remaining 60 per cent stake. The authorised share capital of PFS is Rs 600 crore while its paid up equity capital is likely to be around Rs 300 crore.
The equity investment by PFS may be done through a fund (Energy Equity Fund) anchored by the company. It is expected that the fund may have a corpus of about Rs 2,000 crore which will tie-up money from both domestic and international markets for investing in the Indian power sector.
In its earlier reports, ET mentioned that PTC India will also raise Rs 1,200 crore in the current fiscal through placement to Qualified Institutional Buyers for financing its business development requirements.

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