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The latest update is out from PTC India Limited ( (IN:PTC) ).
PTC India Limited has completed the divestment of its 100% stake in PTC Energy Limited to ONGC Green Limited for a total consideration of Rs. 1,179 crores. This transaction, which accounted for approximately 2% of PTC’s consolidated turnover and 14.6% of its net worth in FY24, marks a significant strategic move for PTC India, potentially impacting its financial structure and market positioning.
More about PTC India Limited
PTC India Limited, formerly known as Power Trading Corporation of India Limited, operates in the energy sector, focusing on power trading and related services. The company is headquartered in New Delhi and is involved in various energy-related activities, including the trading of electricity and energy solutions.
YTD Price Performance: 4.76%
Average Trading Volume: 134,842
Current Market Cap: 46.95B INR
For a thorough assessment of PTC stock, go to TipRanks’ Stock Analysis page.
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