New Delhi: Power trading company PTC India on Wednesday said that it has roped in SBI Capital Markets (SBICAPS) as consultant for monetising investments in its arm PTC Energy. "PTC India Limited, the leading power trading company in India, appoints SBI Capital Markets (SBICAPS) as a consultant to support PTC in strategic analysis of one of its investments in subsidiaries/associates," a company statement said.
"SBICAPS shall conduct an analysis of investments to suggest future strategy to be adopted for divestment/holding of the investment in its subsidiary company PTC Energy Ltd," it stated.
"PTC India Limited has appointed SBICAPS as an advisor to carry out a comprehensive strategic assessment of its key investments in subsidiary company," said Rajib K Mishra, CMD (additional charge).
"The exercise being undertaken by SBICAPS seeks to assist PTC in their capital allocation. The exercise will enable PTC to do a comprehensive review of investments and ability to monetise them either partially or fully," he added.
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