PTC India Financial Services Ltd IPO To Open on 16 March 2011

Online, March 16, 2011 (Newswire.com) - PTC India Financial Services Ltd, a unit of PTC India, is planning to enter the capital markets with its IPO (Initial Public Offering) offering of 156,700,000 Equity Shares, each share being worth INR10. The issue will open on March 16 and close on March 18.

Highlights of IPO:
Issue Type: 100% Book Built Issue IPO
Issue Size: 156,700,000 Equity Shares of Rs. 10
Issue Price: Rs. 26 - Rs. 28 per Equity Share
Market Lot: 250 Shares
Minimum Order Quantity: 250 Shares
Listing At: BSE, NSE

PTC India Financial Services Ltd (PFS) is an Indian non-banking financial institution, a subsidiary of and promoted by PTC India Limited ("PTC"). They are engaged in providing both equity and debt financing, including short-term and long-term debt, as well as structured debt financing.

The objects of the Issue are to augment capital base to meet future capital requirements arising out of growth in business, to achieve the benefits of listing on the Stock Exchanges and public issue expenses.

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