ICICI Securities Ltd | Retail Equity Research The management of PTC India Financial Services has informed the exchange regarding successful divestment of its entire stake in Indian Energy Exchange (IEX) for a consideration of | 132.54 crore. Prior to the deal, investment in IEX was at | 1.52 crore, leading to a profit of ~| 131 crore. However, the management is expected to utilise a proportion of gains as higher provisions. Consequently, we have revised our FY17E PAT estimates by 28% factoring in one-time gains at | 404 crore. Keeping...