PTC India Financial Services (PFS), accused of corporate misgovernance, managed to raise Rs 275 crore from a state-owned financial institution as it looks to grow after a year of business shrinkage.
The loan was mobilised from India Infrastructure Finance Co (IIFCL) last week, two people familiar with the matter told.
PFS did not comment on the matter. IIFCL officials could not immediately be reached for comments. The loan was mobilised from India Infrastructure Finance Co (IIFCL) last week, two people familiar with the matter told. PFS did not comment on the matter. IIFCL officials could not immediately be reached for comments. It’s assets under management shrunk to around Rs 7300 crore at the end of December 2022 crore from Rs 8650 crore nine months prior to that.
