Ravi Goyal owns 55.2% in AGS Transact Technologies, TPG Growth holds 26% and Actis Capital arm Oriole Ltd owns 16.44%. Goyal owns 55.2% in AGS Transact, TPG holds 26% and Actis arm Oriole Ltd owns 16.44%. Mint had first reported in February that the AGS promoter was looking to raise funds to buy out investors in the company. “AGS promoter is in advanced talks with Piramal’s lending unit to raise around $100 million in debt to buy back the 42% stake held by the two private equity funds. Emails sent to AGS Transact did not elicit any response.

Source: Mint April 16, 2018 00:00 UTC