PTC listing delayed again

The listing of Power Trading Corporation of India (PTCIL), which failed to get listed on Monday might get delayed for another couple of day's following delay in completion of listing formality by its registar MCS.

The issue is now expected to get listed only by Wednesday. While the reason for the dealy could not ascertained as the registra as well as the merchant bankers are tight liped on the issue, sources close to the developoment said, its the ONGC issue fiasco, which is leading to a dealy in the PTC listing at the stock exchnages.

A senior SBI Caps official on condition of anonimity said, " The issue is more or less sorted out and the shares are expected to get listed at the exchnages in the next couple of days. SBI Caps are the lead manager to the issue while, MCS was the registrar.

The market has been keenly awaiting the listing, which is expected to be at premium. PTCIL's public issue had received tremendous response to its issue which was subscribed over 40 times. PTCIL's issue was priced at Rs 16.