AGS Transact Technologies Ltd announces extension of a contract from the Indian Bank Ltd

AGS Transact Technologies Limited (BSE: 543451 & NSE: AGSTRA), one of the largest integrated omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients, announced that it has received an extension of a contract from the Indian Bank Ltd. for reconciliation of card and non-card transactions. This contract comes under the Payment Solutions offered by AGS Transact. The projected revenue from this contract over a threeyear period is approximately INR 50 crores.

Commenting on the development, Mr. Alok Singh, Executive Vice President, AGS Transact Technologies Limited said, "It gives us an immense pleasure to announce the extension of this contract. This contract win gives us the confidence to continue providing the best-inclass services to all our clients. We remain optimistic about the growth of digital transactions and the services we provide to the Indian banking industry."

Shares of AGS Transact Technologies Ltd was last trading in BSE at Rs. 95.72 as compared to the previous close of Rs. 93.12. The total number of shares traded during the day was 85518 in over 1145 trades.

The stock hit an intraday high of Rs. 98.14 and intraday low of 92.02. The net turnover during the day was Rs. 8156572.00.

Source : Equity Bulls

Keywords

AGSTransactTechnologies ContractExtension IndianBank