PTC India Financial Services rises after recovering principal loan from defaulting firm

Ptc India Financial Services

03/06/2025 06:35

** Infrastructure financier PTC India Financial Services PTCN.NS rises as much as 3.4% to 38.5 rupees, last up 1.1%

** Co gets full share of 1.25 bln rupees ($14.63 million), representing recovery of entire principal lent to Nagapatnam Power & Infratech (NSL) after initiation of legal proceedings

** NSL was classified as a non-performing account since 2017, says co

** Shares narrow year to date decline to ~12.1%

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))