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Nihar Nandan Nilekani, the son of Infosys co-founder Nandan Nilekani, has bought a 1.32% stake in PTC India during the second quarter of 2024 (July to September). Before this purchase, Nihar did not own any shares in the company.
According to the latest data, he now holds about 39 lakh shares in PTC India, which is mostly owned by public shareholders. The company’s promoters hold around 16.22% of the shares, while public shareholders own the remaining 83.78%. Notably, foreign portfolio investors, including firms like Goldman, Vanguard, and Fidelity, hold about 32% of the company.
PTC India provides power trading solutions and has two main segments: power trading and financing. The power segment involves trading and generating electricity, while the financing segment focuses on investing in or lending to power projects related to generation, transmission, distribution, and fuel resources.
The company offers various business solutions for power generators and utilities, including cross-border trade, energy efficiency, and project financing. PTC also provides retail solutions to public sector units, industrial clients, and independent power producers.
So far this year, PTC India’s shares have seen a slight decline of 1%, but they have increased nearly 40% over the past year.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
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