PTC India Financial Services Ltd., a subsidiary of PTC India Ltd., has agreed to launch an asset management company as part of its plans to expand financial services for the energy sector.
The new private equity fund for the sector will be launched with a corpus of around INR250-300 crore, said the company’s chief RM Malla, to The Hindu Business Line.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Around 20% of the initial amount of the fund will be pooled in by the PTC India Financial Services and its promoter company PTC India Limited, Malla told the newspaper.
The company will invest seed money as equity from the proposed PE fund in various energy companies, he added.
And, furthermore, he also revealed that a West Asian group has expressed interest to be part of this PE fund.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
