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Wednesday 21 September 2011

PTC India To Buy Stake Into Asian Genco

PTC India Financial Services will buy a stake the in Singapore-based energy firm East Coast Energy which is part of Asian Genco. PFS has about 13.87% equity stake in East Coast Energy and invested about Rs 133 crore in the company. The valuation and related factors of the deal is expected to be finalised in the next 2-3 months

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