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PTC India to partner Ashmore for 5-bln-rupee fund

PTC India Ltd, a power trading company, said on Thursday it has selected Ashmore group as its joint venture partner for setting up a third-party fund.

The fund structure and joint venture agreement is under negotiation with the partner, the company said in a statement to the exchanges.

In May, PTC India had raised 5 billion rupees through a private placement for launching the fund. (Reuters)

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