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Findi ( (AU:FND) ) has issued an announcement.
Findi Limited, through its majority-owned subsidiary Transaction Solutions International, has received approval from the Reserve Bank of India to acquire Tata Communications’ White Label ATM business, Indicash. This acquisition, which includes the transfer of a White Label ATM license, is a strategic move to enhance Findi’s service offerings and expand its co-located network of banking solutions across India. The acquisition is expected to drive both organic and inorganic growth, strengthen Findi’s position in the financial services industry, and provide long-term value to its customers and shareholders by empowering merchants and serving underbanked communities more effectively.
More about Findi
Findi Limited is a digital payments and financial services provider, operating primarily within the Indian market. The company focuses on expanding its network of banking solutions through both physical and digital means, aiming to serve underbanked communities.
YTD Price Performance: -10.22%
Average Trading Volume: 453
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €128.5M
For an in-depth examination of FND stock, go to TipRanks’ Stock Analysis page.
