TPG Capital-backed AGS Transact plans up to Rs1,350 crore IPO in India
1 min read 25 Mar 2015, 08:31 AM ISTAGS plans to raise up to Rs400 crore by issuing new shares, while TPG and other shareholders would raise up to Rs950 crore by selling existing shares
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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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