With large private equity players like KKR, Kedaara Capital etc. are looking to deploy capital and TSI looking for IPO in CY26 and need to sell down their equity, I think the next big news, following the investor roadshow, will be about these private equity players investing in TSI at a market value that is significantly higher than the MC@Piramal investment.
The currency notes related business is something the Australian investors find it hard to see huge prospect in, but just the fact that the Modi Government is transferring billions of rupees to rural people's accounts, who then access ATMs to cash out. Even a Congress-led government will do the same.
Hence the growth of ATMs in the semi-urban and rural areas!!!
Ann: FND FY24 Results Presentation, page-34
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