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PTC India Financial Services cuts dividend

PTC India Financial Services Ltd. lowered its dividend for the fiscal year ended March 31.

The company said May 12 that its board recommended a final dividend of 20 Indian paise per share for the 2017-2018 fiscal year, compared to 1.50 rupees per share for the prior fiscal year.

As of May 11, US$1 was equivalent to 67.45 Indian rupees.