PTC India rises; co invites bids for stake in NBFC unit

Ptc India Financial Services

17/07/2020 06:31

** Shares of power trading solutions provider PTC India Ltd
 PTCI.NS  rise as much as 4.88% to 50.50 rupees in their biggest
intraday jump since July 9, amid a 0.5% rise in the broader
index  .NSEI 
    ** Co revives https://www.bseindia.com/xml-data/corpfiling/AttachLive/96419879-b603-493b-9854-c4146f7c2602.pdf
 plans to sell its stake in its NBFC unit, PTC India Financial
Services (PFS)  PTCN.NS ; invites bids from interested investors
    ** PTC India had initially announced plans to cut stake in
PFS in August 2019 but faced delays due to COVID-19 pandemic
    ** Shares of PFS rise as much as 9.85% to 15.05 rupees,
highest since Feb. 6
    ** PTC India stock down nearly 15% this year up to last
close, while PFS stock up over 2%

 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; 910867497919;))