The $334 million payments provider Findi has had a ripper year. Shares are up 555.7 per cent this year (yep, that’s not a typo), Indian banks are showering it with new ATMs to run, and in the background is the Flannery family and Indian billionaire Ajay Piramal as supportive backers.
Findi won a contract to supply the State Bank of India with over 4000 ATMs last year. Over 10 years, it is expected to be worth $620 million. Bloomberg
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
