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CRISIL Limited (CRISIL.BO)

4,527.40

-258.00

(-5.39%)

At close: April 25 at 3:40:25 PM GMT+5:30

India's AGS Transact says CFO, two executive directors resign

The resignations come as the company has been grappling with financial strain, leading to credit downgrades from ratings agencies Crisil and India Ratings. An operational creditor of the company Maxwel Aircon India has also alleged default in repayments and has sought an initiation of corporate insolvency proceedings against AGS. Tuesday's resignation of CFO Saurabh Lal and executive director Vinayak Goyal will be effective immediately, the company said.

Reuters 26 days ago

CRISIL.NS
India's Jio Finance taps debt market with debut commercial paper issue before bond sale, bankers say

India's Jio Finance, a wholly-owned unit of Jio Financial Services, has tapped the debt market with its maiden commercial paper (CP) issuance, ahead of its debut bond sale later this month, three merchant bankers said on Thursday. The non-banking finance company has issued three-month CPs at a yield of 7.80% and accepted bids worth 10 billion rupees ($114.95 million), the bankers, who have direct knowledge of the matter, told Reuters. "As expected, Jio Finance has started its funding with a shorter-tenor CP issuance, and we are expecting its bond issue in the next 15 days before the close of the financial year (by March-end)," one of the bankers said.

Reuters last month

CRISIL.NS
India's AGS Transact moves half of its ATMs back to banks

AGS, which gives digital and cash-based services to banks and corporate clients, provided services to 31,093 ATMs in more than 1,800 cities and towns in India, as of September 30. The company and its units owe a total of 7.19 billion rupees ($82.5 million) to its creditors including State Bank of India and Axis Bank.

Reuters last month

CRISIL.NS
Indian payments firm AGS Transact Technologies faces insolvency over alleged unpaid dues

Indian payments services firm AGS Transact Technologies said on Saturday that a creditor plans to initiate insolvency proceedings against the company for non-payment of dues. Maxwel Aircon India Private Limited, an operational creditor of the company, has alleged default in repayments and sought an initiation of corporate insolvency in the National Company Law Tribunal, AGS Transact said in an exchange filing. Maxwel Aircon did not immediately respond to Reuters' request for comment.

Reuters last month

CRISIL.NS
Vascon Engineers Ltd (BOM:533156) Q2 FY25 Earnings Call Highlights: Strong Revenue Growth ...

Vascon Engineers Ltd reports a robust 22% revenue growth in H1 FY25, while navigating profit pressures and strategic expansions.

GuruFocus.com 5 months ago

CRISIL.NS

Performance Overview

Return	CRISIL.BO	S&P BSE SENSEX (^BSESN)
YTD	-31.85%	+1.37%
1-Year	+5.30%	+6.56%
3-Year	+40.66%	+40.00%

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CRISIL Limited (CRISIL.BO)

India's AGS Transact says CFO, two executive directors resign

India's Jio Finance taps debt market with debut commercial paper issue before bond sale, bankers say

India's AGS Transact moves half of its ATMs back to banks

Indian payments firm AGS Transact Technologies faces insolvency over alleged unpaid dues

Vascon Engineers Ltd (BOM:533156) Q2 FY25 Earnings Call Highlights: Strong Revenue Growth ...

Performance Overview