TPG-backed AGS Transact plans up to $216.6 mn India IPO

The company plans to raise up to 4 billion rupees by issuing new shares, while TPG and other shareholders would raise up to 9.5 billion rupees selling existing shares in AGS, which offers payment solutions and technology products to banks and retailers, the terms showed.

March 25, 2015 / 12:05 IST

India's AGS Transact Technologies, partly owned by US private equity firm TPG Capital [TPG.UL], plans an up to 13.5 billion rupees (USD 216.6 million) initial public offering, according to a term sheet of the deal seen by Media on Wednesday.

The company plans to raise up to 4 billion rupees by issuing new shares, while TPG and other shareholders would raise up to 9.5 billion rupees selling existing shares in AGS, which offers payment solutions and technology products to banks and retailers, the terms showed.

first published: Mar 25, 2015 07:00 am

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