PTC hires consultant ABC to lead CMD search

Power trading company PTC India Ltd has hired Delhi-headquartered ABC Consultants to lead the search for a new chairman and managing director (CMD), according to two people familiar with the development.

- Rituraj Baruah

The move comes nearly a year after the ouster of former CMD Rajib Kumar Mishra following a directive from the Securities and Exchange Board of India. Although the Securities Appellate Tribunal later overturned Sebi's order, the PTC board in December chose not to reinsta