AGS Technologies gets Rs 650 cr from promoter ahead of its listing on January 31

By Samantha Allen

Published: January 30, 2022 | 10:43 AM GMT

AGS Transact Technologies (AGSTTL) has informed the National Stock Exchange (NSE) regarding confirmation of redemption of non convertible debenture (NCDs) and payment of interest and principal two days before the listing of the Company on the national stock exchanges.

Post-a successful IPO, AGSTTL will list its equity shares on Monday, January 31, 2022.

The main objective of the OFS in the IPO was that AGS Transact Technologies Ltd.’s promoter Ravi B. Goyal will sell shares, but the proceeds (Rs 650 crores) will be infused into the company by buying the CCPS from company, which has been fulfilled on January 29, 2022 even before listing. The NSE link and notice has been appended here.

As a result Debt to equity ratio and debt to EBITDA ratio has now become favourable/strong as claimed by company during roadshows. It will lead to substantial savings of financial costs, thereby improving profitability and which will add substantial value to the shareholders

About Samantha Allen

Samantha Allen is a seasoned journalist and senior correspondent at TDPel Media, specializing in the intersection of maternal health, clinical wellness, and public policy. With a background in investigative reporting and a passion for data-driven storytelling, Samantha has become a trusted voice for expectant mothers and healthcare advocates worldwide. Her work focuses on translating complex medical research into actionable insights, covering everything from prenatal fitness and neonatal care to the socioeconomic impacts of healthcare legislation. At TDPel Media, Samantha leads the agency's health analytics desk, ensuring that every report is grounded in accuracy, empathy, and scientific integrity. When she isn't in the newsroom, she is an advocate for community-led wellness initiatives and an avid explorer of California’s coastal trails.