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Radiant Cash Management Services Limited ( (IN:RADIANTCMS) ) just unveiled an announcement.
Radiant Cash Management Services has clarified that while it may consider entering the non-banking financial company (NBFC) business over the next three years, its board has not yet evaluated or approved any formal proposal, and any future material decisions will be duly disclosed to the exchanges. The company, which is building out its fintech and payment aggregation capabilities and targeting underpenetrated smaller cities, framed the clarification as a transparency measure to address media speculation and ensure uniform information access for investors and other stakeholders.
More about Radiant Cash Management Services Limited
Radiant Cash Management Services Limited is a Chennai-headquartered company specializing in retail cash management services, handling about 40% of India’s organized retail cash volumes, and has expanded into fintech through a majority stake in Aceware Fintech Services, deploying more than 75,000 POS machines mainly across tier-III cities and beyond to facilitate digital payments for merchants nationwide.
Average Trading Volume: 21,379
Technical Sentiment Signal: Sell
Current Market Cap: 5.58B INR
See more data about RADIANTCMS stock on TipRanks’ Stock Analysis page.