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PTC India Financial Services sells stake in Indian Energy Exchange

PTC India Financial Services Ltd. divested its entire stake in Indian Energy Exchange Ltd. for 1.33 billion Indian rupees.

The Indian company said March 29 that the sale will give it room to increase lending in the infrastructure sector.

Indian Energy Exchange Ltd. offers power trading platform for electricity trade in India.

As of March 30, US$1 was equivalent to 64.86 Indian rupees.