PTC India Financial Services Ltd receives full prepayment of loan

PTC India Financial Services, a leading provider of financial services to the infrastructure sector, announce that it has received full pre-payment of its loan account of M/s Patel Darah-Jhalawar Highway for the four-laning of a 48.88km stretch in Rajasthan. The pre-payment of loan includes the recovery of entire dues, including interest and other applicable charges.

The erstwhile Independent Directors highlighted the loan account, and hence, as a matter of prudence, PTC India Financial Services has taken proactive measures to recover the entire outstanding dues. The successful pre-payment of the loan account further demonstrates PFS commitment to responsible lending and financial prudence.

Mr. Pawan Singh, Managing Director and CEO of PFS, said, "We are pleased to receive full prepayment of the loan account of M/s Patel Darah-Jhalawar Highway in Rajasthan. The account was having satisfactory conduct in our books. Our team worked diligently to ensure the recovery of all outstanding dues, including interest and other charges. This pre-payment demonstrates our commitment to responsible lending and our ability to effectively manage credit risk."

PTC India Financial Services remains committed to supporting infrastructure development in India through responsible lending practices and effective risk management. The amount received through pre-payment has been deployed for onward lending to sustainable green infra projects.

Shares of PTC India Financial Services Limited was last trading in BSE at Rs. 15.20 as compared to the previous close of Rs. 15.35. The total number of shares traded during the day was 93239 in over 102 trades.

The stock hit an intraday high of Rs. 15.28 and intraday low of 15.10. The net turnover during the day was Rs. 1414272.00.

Source : Equity Bulls

Keywords

PTCIndiaFinancialServices INE560K01014 PFS PrePayment LoanAccount