Hot Pursuit     04-Jun-15
PFS advances on raising funds through NCDs
PTC India Financial Services rose 2.51% to Rs 40.90 at 11:42 IST on BSE, after the company raised money through issuance of non-convertible debentures by way of private placement.

The announcement was made after trading hours yesterday, 3 June 2015.

Meanwhile, the S&P BSE Sensex was down 7.03 points or 0.03% at 26,830.17

On BSE, so far 2.92 lakh shares were traded in the counter as against average daily volume of 4.69 lakh shares in the past one quarter.

The stock hit a high of Rs 41.85 and a low of Rs 40.40 so far during the day. The stock hit a record high of Rs 73.15 on 15 January 2015. The stock had hit a 52-week low of Rs 28.10 on 3 June 2014.

The stock had underperformed the market over the past one month till 3 June 2015, falling 25% compared with 0.64% decline in the Sensex. The scrip also underperformed the market in past one quarter, sliding 38.19% as against Sensex's 9.31% fall.

The small-cap company has equity capital of Rs 562.08 crore. Face value per share is Rs 10.

PTC India Financial Services (PFS) said that the company has raised money through issuance of non-convertible debentures – Series 4 by way of private placement of Rs 213.50 crore. The debentures are redeemable over a period of 10 years, PFS said. The issuance has been fully subscribed by International Finance Corporation. The NCDs shall augment long-term resources and also help in lowering the cost of funds, it added.

PTC India Financial Services' net profit declined 65.9% to Rs 15.81 crore on 45.4% rise in total income to Rs 217.25 crore in Q4 March 2015 over Q4 March 2014.

PTC India Financial Services is a non-banking financial company (NBFC) promoted by PTC India.

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