PTC India Financial Services (PFS) has successfully divested its entire stake in Indian Energy Exchange (IEX) for an amount of Rs 132.54 crore. Prior to the sale, PFS’ investment in IEX stood at Rs 1.52 crore. IEX provides power trading platform for electricity trade in India.
PFS continues to maintain a strong focus on growing its loan book and quality thereof, supported by increased focus on renewable energy and diversification in infrastructure space. The current divestment of equity investment will provide headroom for growth and the company shall leverage the same to scale up its lending activity and achieve sustained growth.
PFS is a non-banking finance company promoted by PTC India. PFS has been granted the status of an Infrastructure Finance Company (IFC) by the Reserve Bank of India. The Company offers an array of financial products to infrastructure companies in the entire energy value chain. PFS also provides fee based services viz loan syndication and underwriting etc.