PTC India Financial Services (PFS), a leading Infrastructure Finance Company, is pleased to announce that it has successfully divested its entire stake in Indian Energy Exchange Limited (IEX) for an amount of Rs 1.32 billion. Prior to the sale, PFS' investment in IEX stood at Rs 15.2 million. IEX provides power trading platform for electricity trade in India.
 
PFS continues to maintain a strong focus on growing its loan book and quality thereof, supported by increased focus on renewable energy and diversification in infrastructure space. The current divestment of equity investment will provide headroom for growth and the Company shall leverage the same to scale up its lending activity and achieve sustained growth.
 
Ashok Haldia, MD & CEO, PFS said, ''We are delighted to announce that we have successfully exited from one of our equity investments-Indian Energy Exchange Limited. The exit is made at a substantial return on our investment and will strengthen the balance sheet, augment the company's networth, and provide the headroom for increased lending in the infrastructure sector. It has been our constant endeavor to leverage our expertise in order to deliver maximum value to the shareholders.''

Shares of the company gained Rs 1.15, or 2.85%, to trade at Rs 41.50. The total volume of shares traded was 552,913 at the BSE (1.48 p.m., Thursday).