PTC India Financial Services plunges 19%; here’s why
New Delhi: Shares of PTC India Financial Services NSE -5.26 % tanked more than 19 per cent during early trade on Thursday following the resignation of three independent directors from the company.
In an unusual development, all three independent directors on the board of PTC India Financial Services (PFS) on Wednesday resigned over corporate governance issues and other matters.
Following the update, shares of PFS tanked over 19 per cent to Rs 20.65 before recovering marginally to Rs 21.95 at Rs 9.30 am. The scrip settled at Rs 25.65 on Wednesday.
BSE benchmark and barometer Sensex was trading at 59,860.32, 238.5 or 0.40 per cent lower at the time of writing this report.
