| Log in

PTC India Financial Services raises $23.5M from Dutch development bank FMO through NCDs

By PTI
16 June, 2015

PTC India Financial Services Ltd (PFS) today said it has raised Rs 150 crore through issuance of non-convertible debentures.

“PFS has raised money through issuance of non-convertible debentures (NCDs)-series 5 by way of private placement of Rs 150 crore,” the company said in a statement.

The debentures are redeemable over a period of seven years, it said.

“The issue has been fully subscribed by FMO, Dutch Development Bank. The NCDs shall augment the long term resources of the Company and will help in lowering the cost of funds of the company,” it added.

PFS, a non-banking finance company, provides fee-based services viz loan syndication and underwriting etc.


Leave Your Comment
IFC invests $35M in PTC India Financial Services through NCDs

IFC invests $35M in PTC India Financial Services through NCDs

Bhawna Gupta 3 years ago
International Finance Corporation (IFC), the private sector lending arm of World...
PTC India Financial Services divests entire stake in Ind-Barath Energy for $49M

PTC India Financial Services divests entire stake in Ind-Barath Energy for $49M

Bhawna Gupta 2 years ago
Power sector-focused NBFC PTC India Financial Services Ltd (PFS) has sold its...
IFC may lend $40M to Sundaram BNP Paribas Home Fin, $35M to PTC India Financial

IFC may lend $40M to Sundaram BNP Paribas Home Fin, $35M to PTC India Financial

Bhawna Gupta 3 years ago
International Finance Corporation (IFC), the private sector investment arm of...
No Comments

PTC India Financial Services raises $23.5M from Dutch development bank FMO through NCDs

Powered by WordPress.com VIP