No direct impact of demonetisation: ABM Knowledgeware Chief

E-governance solutions provider ABM Knowledgeware reported a rise in revenue at Rs 38.50 crore in the second quarter of this financial year. Stocks of the company have risen by 40 percent in last two weeks. Speaking to CNBC-TV18, Prakash Rane, Managing Director of the company said, there has been no direct impact of demonetisation on the company and there has been a rise in digital payments."We have an order book of Rs 180 crore and have got orders from Bihar, Maharashtra and Uttar Pradesh," said Rane. Company has also bid for e-muncipality, smart city orders worth Rs 450 crore.Watch video for more...