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FND - Findi Limited

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Trading halt is requested pending an announcement by the Company to the market in relation to a strategic acquisition by the Company’s subsidiary Transaction Solutions International (India) Pvt Limited
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leaky?
 
Findi’s Transaction Solutions International will pay about $27 million to acquire BankIt Services, a digital financial products distributor that is expected to add about $31 million revenue to Findi’s coffers in the first full year of ownership. BankIt allows under-banked customers to make deposits, pay bills and make investments at 120,000 locations across the country.

This would bring in infrastructure that Findi requires to become a fully fledged payments bank. About 25 per cent to 30 per cent of its revenue now comes from digital services such as BankIt, outside its business of establishing and running ATM machines for Indian banks.
 
$4.33

trading halt is requested pending an announcement by the Company to the market in relation to the Reserve Bank Of India’s approval for the Tata acquisition and white label licence for the Company’s subsidiary Transaction Solutions International (India) Pvt Limited
 
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