Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Radiant Cash Management Services lists at premium over issue price
Shares of Radiant Cash Management Services ended with over 10% gain in its debut trade against the issue price of INR 94. Chennai-headquartered Radiant Cash, an integrated cash logistics expert, is a market leader in the retail cash management industry. Cash pick-up and delivery, network currency management, cash processing, cash vans or cash in transit, and value-added services are the five business segments that the company operates. The IPO's total size was decreased by the company from INR 387.94 crore to INR 256.66 crore. In addition, the offer for sale was cut from 33,125,000 shares to 21,222,431 equity shares, or from INR 327.94 crore to INR 202.09 crore.
From the Venture Intelligence PE-VC Deal Database: In Jan-2015, Radiant Cash Management had attracted about INR 80 Cr from Ascent Capital (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.