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New Delhi, May 29

PTC India on Thursday said that it planned to raise $500 million to meet its growing requirements. ‘The requirements are huge. But we also have to look at the market appetite. Any fund worthwhile should not be less than $300 million. But initially, we would go for $500 million and later raise it further,” Mr Tantra Narayan Thakur, the company’s Chairman and Managing Director, said at the sidelines of a conference. He said that the company was in talks wit h investors to understand market requirements, while declining to give any time frame. —

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