PTC board approves acquisition of consulting business of IL&FS EDC

PTC India Limited’s board has approved a letter of intent (LoI) for acquisition of the energy consulting business of IL&FS Energy Development Company (EDC) for an undisclosed value on a slump sale basis. 

The LoI was issued after following due process prescribed under the resolution framework approved by National Company Law Tribunal for IL&FS Group entities.

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