Payment Solutions Provider AGS Tech To Raise Capital Via IPO

paymentAGS Transact Technologies, a payment solutions provider has filed papers with SEBI to raise Rs 1,350 crore through an initial public offering (IPO).

According to documents filed with (SEBI), the firm would raise Rs 400 crore by issuing fresh equity shares.

While TPG Capital, Oriole Ltd and company’s promoter Ravi B Goyal would make up the remaining Rs 950 crore through the sale of existing shares.,

Ravi Goyal owns 55.2 per cent in AGS Transact, while TPG shares 26% percent and Oriole has 16.44 per cent shares in the company.

Earlier in the year 2010, AGS filed initial papers with SEBI but delayed the plan

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