AGS Transact’s Great Escape: 90% Novus Stake Sale Aims to Slash Debt and Revive Cash Flow

AGS Transact Technologies Ltd has officially accepted a term sheet to sell 90% equity in its overseas subsidiary, Novus Technologies, as part of a strategic deal aimed at completion in the first half of 2025. The transaction is a critical part of AGS's current strategy to bolster its financial standing, lower debt, and enhance operating cash flows in the face of recent liquidity pressures.

 

Key Highlights:

The deal reflects AGS Transact Technologies' focus on financial prudence and long-term sustainability as it faces a tough business situation.

 

Source: BSE India, NSE India, Crisil, MoneyWorks4Me