AGS Transact Tech plans to raise $216.6 mn via IPO: Reports

The proceeds will be used for the repayment of loans and general corporate purposes, says report.

Mar 26, 2015 11:03 IST India Infoline News Service

AGS Transact Technologies Ltd is planning to raise Rs13.5bn ($216.6 million) via initial public offer (IPO) by September, according to reports.
Report said that the company plans to raise up to Rs 4 bn rupees by issuing new shares, while U.S. private equity firm TPG Capital and other shareholders would raise up to Rs 9.5 bn selling existing shares.
The proceeds will be used for the repayment of loans and general corporate purposes, says report.

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