PTC India Financial Services has divested its entire stake in India Energy Exchange for Rs 132.54 crore.

The company has said in a BSE filing that “it has divested its entire stake in India Energy Exchange (IEX) for an amount of Rs 132.54 crore.”

According to the company, its investment in IEX, prior to the stake sale, stood at Rs 1.52 crore.

Ashok Haldia, PTC India Financial Services MD & CEO has said that “The exit is made at a substantial return on our investment and will strengthen the balance sheet, augment the company’s net worth and provide headroom for increased lending in infrastructure sector.”

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