PTC India Financial Services (PFS) announced on Friday that the promoters of Ind-Barath Powergencom (IBPGL) have bought back the shares held by the former.
PFS had bought 26% stake in IBPGL in August 2008 for Rs 55.63 crore. “The exit mode for PFS for investment made in the Company is the buyback of shares of PFS at compounded annual net of taxes return of 23.75% by the Company/ Promoter,” said PFS in a notice to the exchanges.