PTC eyes exit from non-core businesses to raise Rs 2,000 crore
New Delhi:PTC India, the nation’s top power trading company, is in negotiations with potential suitors to sell two subsidiaries — nonbank lender PTC Financial ServicesNSE 6.59 % and renewable energy firm PTC Energy, two people involved in the process said.
“The move is aimed at raising Rs 1,500-2,000 crore besides exiting from non-core businesses,” said one of the people, speaking on the condition of anonymity. “The company is looking at selling the entire stake or at least a majority so as to maximise the valuation of its investment,” he added.
