HOT BUY ON BREAKING NEWS ----- PTC INDIA LIMITED PTC INDIA approves sale of shares via QIP or FPO upto 20% : State-owned POWER TRADING CORPORATION - PTC INDIA has received a composite approval for fresh issue of equity shares in its meeting held on SEP 3. The fund raising will be through qualified institutional placement (QIP) or a follow-on public offer (FPO) together with an offer for sale (disinvestment), not more than 20% of existing paid up share capital from the Board of Directors. After the Reserve Bank of India`s (RBI) approval, PTC INDIA is categorised as Infrastructure and power trading Company. PTC INDIA approves sale of shares via QIP or FPO upto 20% "PTC INDIA can now take an additional lending exposure up to 5% of its owned funds in case of a single borrower as well as gr..
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