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India’s PTC sells Rs. 2.135 billion of non-convertible debentures
By Wendy Van Sickle
Columbus, Ohio, June 3 – PTC India Financial Services Ltd. has raised Rs. 2.135 billion in a private placement of non-convertible series 4 debentures, according to a Wednesday filing with the Bombay Stock Exchange.
The debentures are redeemable over ten years and will augment the company’s long-term resources, PTC said.
International Finance Corp. was the investor.
The investment company is based in New Delhi.
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