PTC India Finance plans to raise $100 m via ECB route
Kolkata: Infrastructure finance company PTC India Financial Services NSE 1.48 % is looking to raise $100 million in external commercial borrowing from India Infrastructure Finance Company (UK) Ltd.
The fundraising is expected to be completed by the end of January, PTC India Financial managing director Pawan Singh said.
This will be the company’s first overseas borrowing this fiscal.
“We expect to raise the debt at a sub 2 per cent rate. We are currently in talks with IIFC (UK) to finalise the terms,” Singh told ET. IIFC (UK) is a wholly-owned subsidiary of India Infrastructure Finance Company.
