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Findi ( (AU:FND) ) just unveiled an update.
Findi Limited, through its subsidiary Transaction Solutions International, has secured a contract with Union Bank of India to deploy 900 additional ATMs across India. This contract, valued at A$75 – A$80 million in revenue and A$33 – A$38 million in EBITDA over a 7+1 year period, reinforces Findi’s capabilities and strengthens its presence in the Indian market. The initiative will enhance Findi’s portfolio to include 8,900 brown label ATMs, supported by a capital expenditure of $12 million expected to yield an 18% IRR. This strategic move is anticipated to boost shareholder value and aligns with Findi’s broader strategy to deliver comprehensive financial services to India’s underbanked population.
More about Findi
Findi Limited is a digital payments and financial services provider, primarily engaged in offering ATM services. The company focuses on expanding its financial services within India, targeting both brown and white label ATM deployments.
YTD Price Performance: -10.22%
Average Trading Volume: 453
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €137.2M
For a thorough assessment of FND stock, go to TipRanks’ Stock Analysis page.
