An announcement from Findi ( (AU:FND) ) is now available.
Findi Limited has successfully completed a A$40 million institutional placement, attracting significant investment from existing and new institutional investors. This capital raising will support the restructuring of Piramal’s Compulsory Convertible Debentures (CCDs) and the deployment of additional ATMs under a new contract with the State Bank of India. The investment also facilitates the acceleration of the White Label ATM rollout and supports the planned IPO of TSI on the Bombay Stock Exchange in 2026. The placement reflects strong investor confidence in Findi’s growth strategy and positions the company to continue expanding its market presence.
More about Findi
Findi Limited is a digital payments and financial services provider. The company focuses on deploying ATMs and rolling out White Label ATMs, particularly under its contract with the State Bank of India. It is also involved in the financial services market through its majority-owned subsidiary, Transaction Solutions International (India) Pvt Limited (TSI).
YTD Price Performance: -8.03%
Average Trading Volume: 413
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €130.8M
For detailed information about FND stock, go to TipRanks’ Stock Analysis page.