Date:9/6/11,
Private Equity,
AGS Transact Technologies Ltd, a Mumbai based offers technology-based solutions for banking, retail, petroleum and postal sectors, receives private equity investment of INR 1500 million from TPG Group and dilutes 20% stake.
AGS Transact Technologies Ltd founded in 2002 by Ravi Goyal, offers technology-based solutions for banking, retail, petroleum and postal sectors. It operates in four business segments - sale, installation, maintenance and running of ATMs for banks; sale of retail point of sale (POS) terminals; forecourt management system for petrol pumps and manufacturing and sale of paint dispenser machines for paint companies and engravers for the textile industry.
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