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The latest announcement is out from Findi ( (AU:FND) ).
Findi Limited has completed settlement of Tranche 1 of its A$25 million institutional placement, raising A$9 million through the issue of 13,390,613 new shares at A$0.70 each under its existing placement capacity. The funds will be used to refinance and optimise the balance sheet of its Indian subsidiary Transaction Solutions International, release cash, and materially reduce gross debt and interest costs.
The capital injection enables Findi to cancel the previously announced Nova transaction, thereby retaining a substantially higher ownership stake in TSI and positioning the company to immediately restart rollout programs with State Bank of India and Central Bank of India. Enhanced platform liquidity is expected to accelerate growth in BankIT and white-label transactions, strengthening TSI’s market share in India, while Tranche 2 of the placement remains subject to shareholder approval at a meeting scheduled for 20 April 2026.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$0.84 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
More about Findi
Findi Limited is an ASX-listed digital payments and financial services provider focused on transaction solutions in India through its subsidiary Transaction Solutions International. The company supports rollout programs for major Indian banks, including State Bank of India and Central Bank of India, and offers BankIT and white-label transaction platforms aimed at capturing greater market share in the Indian digital payments sector.
Average Trading Volume: 391,420
Technical Sentiment Signal: Sell
Current Market Cap: A$53.32M
Learn more about FND stock on TipRanks’ Stock Analysis page.