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PTC India mulls selling controlling stake in its Financial Services arm

Friday, 17 Jul 2020
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PTC India is planning to divest the controlling stake in its financial services arm PTC India Financial Services (PFS).

The last day of submission of interest by a bidder is 31 June 2020. PTC India held 64.99 percent stake in its financial services arm as on 31 March 2020.

The requisite internal approvals have been received to reinitiate the process of exploring opportunities for monetising the company’s investment in PFS.

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