The company, which had filed its draft papers with Sebi in August seeking its clearance to float an initial share-sale, obtained its "observations" on October 26, latest update with the markets watchdog showed.
AGS' initial share sale comprises fresh issue of equity shares aggregating up to Rs 400 crore, besides, an offer for sale worth up to Rs 600 crore.
AGS proposes to utilise fresh issue proceeds for repayment of certain loans; and general corporate purposes.
TPG had reportedly invested Rs 500 crore in 2011 for a 26 per cent stake in the company. But the valuation doubled when Actis picked up 16 per cent one year later.
The Foreign Investment Promotion Board (FIPB) chaired by Economic Affairs Secretary Shaktikanta Das in its meeting considered 23 FDI proposals, deferred decisions on five and rejected four.
Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer documents on August 14, which is necessary for companies to launch any public offer.
The Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer document of the company on August 5, which is necessary for any company to launch a public offer.
With this, the number of firms receiving Sebi's green signal since the beginning of the year has reached 23. Apparel and lifestyle accessories firm Numero Uno filed its draft papers with the capital markets watchdog in April, while Sadbhav Infrastructure, a subsidiary of Sadbhav Engineering filed its initial papers in May.
Catholic Syrian Bank has received capital market regulator Sebi's approval to raise up to Rs 400 crore through an initial public offering (IPO).
Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer documents on May 28, which is necessary for companies to launch any public offer.
"The bank will issue equity shares aggregating up to Rs 4,000 million," according to draft documents available with Securities and Exchange Board of India (Sebi).
Amar Ujala fileThe IPO comprises of fresh issue of equity shares worth Rs 50 crore and an offer for sale of up to 26.90 lakh equity shares by existing shareholders, according to draft documents. The selling shareholders include Rajul Maheshwari, Sneh Lata Maheshwari and Pun Undertakings Network Private Limited.s IPO papers with Sebi
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.
AGS Transact Technologies (AGSTT), the brainchild of Ravi Goyal, is the leading provider of touch point technology solutions to the banking industry.
To address the future needs of the downstream distribution supply chain for the petroleum retail business in India.
ATM outsourcing and systems integration company, AGS Transact Technologies, on Thursday said private equity major TPG has invested Rs 145-crore in it.