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Business News/ Market / Stock-market-news/  TPG Capital-backed AGS Transact plans up to Rs1,350 crore IPO in India

Hong Kong: India’s AGS Transact Technologies, partly owned by US private equity firm TPG Capital, plans an up to 1,350 crore initial public offering (IPO), according to a term sheet of the deal seen by Reuters on Wednesday.

The company plans to raise up to 400 crore by issuing new shares, while TPG and other shareholders would raise up to 950 crore selling existing shares in AGS, which offers payment solutions and technology products to banks and retailers, the terms showed. Reuters

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Updated: 25 Mar 2015, 08:31 AM IST
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