The announcement was made during trading hours today, 30 March 2012.

Meanwhile, the BSE Sensex was up 276.56 points, or 1.62%, to 17,335.17.

On BSE, 4.46 lakh shares were traded in the counter as against an average daily volume of 3.43 lakh shares in the past one quarter.

The stock hit a high of Rs 16.40 and a low of Rs 15 so far during the day. The stock had hit a record high of Rs 28 on 30 March 2011. The stock had hit a record low of Rs 9.70 on 22 December 2011.

The stock had underperformed the market over the past one month until 29 March 2012, sliding 10.24% compared with the Sensex's 3.91% fall. The scrip had, however, outperformed the market in past one quarter, soaring 50.05% as against 9.74% rise in the Sensex.

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

PTC India Financial Services (PFS) said it has divested 14.01% stake in Indian Energy Exchange (IEX) at Rs 166.51 per share, aggregating to Rs 70.76 crore. PFS had subscribed to IEX's shares at face value of Rs 10 per share. During the year ended March 2011, PFS had divested part stake in IEX at Rs 115.41.

IEX is India's first electricity exchange and offers an online electricity trading platform for trading, clearing and settlement operatons. It was jointly promoted by Financial Technologies (India) and PFS in 2007. PFS had earlier sold a 5% stake in IEX to Bessemer Venture and Lightspeed Venture Partners. According to reports, PFS originally held 26% in IEX.

Separately, PFS announced today, 30 March 2012, that its long term tax saving secured infrastructure bonds have been subscribed 300%. The company had opened its second long term infrastructure bond offering of Rs 50 crore with an option to retain oversubscription for issuance of additional infrastructure bonds. The offer was open between 30 December 2011 and 27 March 2012. The company raised around Rs 162 crore through the issue.

The bonds carry an interest rate of 8.93% per annum on option I and II for 10 year bonds, with an option for buyback after 5 years and 9.15% per annum for option III and IV for 15 year bonds with an option for buyback after 7 years.

Net profit of PTC India Financial Services surged 914.01% to Rs 57.90 crore on 275.7% spurt in operating income to Rs 89.68 crore in the quarter ended December 2011 over the quarter ended December 2010.

Total loans sanctioned by the company stood at Rs 4979 crore as on 31 December 2011, as against Rs 3334 crore as on the year ended March 2011.

PTC India Financial Services is non-banking finance institution promoted by PTC India. The company offers an integrated suite of financial services with a focus on infrastructure development, including providing debt financing (short-term and long-term) and making principal investments in, private sector Indian companies in the power sector, including power generation, equipment supply and fuel source projects. PFS is currently focused primarily on power generation projects in India and also provides fee based syndication and other services as well as carbon credit financing against Certified Emissions Reduction (CER). It also received the Infrastructure Finance Company (IFC) status in FY 2011