AGS Transact Technologies Limited ("the Company") has on June 29, 2022 approved investment in the form of Equity in its wholly owned subsidiary i.e. India Transact Services Limited (ITSL) upto Rs. 10 Crores in lieu of loan granted to the said WOS.
ITSL is a Prepaid Instrument Issuer Entity (PPI Issuer) and is required to maintain networth of Rs. 15 Crores at all times pursuant to applicable RBI guidelines. This investment is being made to ensure maintenance of such networth criteria for ITSL.
Shares of AGS Transact Technologies Ltd was last trading in BSE at Rs. 69.65 as compared to the previous close of Rs. 72.50. The total number of shares traded during the day was 19956 in over 1230 trades.
The stock hit an intraday high of Rs. 77.30 and intraday low of 69.30. The net turnover during the day was Rs. 1428739.00.