I sincerely hope they steer clear of Novatti.
I think safe to say they are doing an investor roadshow (ses screenshot). For what purpose, who knows? My guess is they are shopping around to Indian brokers due to the minimum individual resident investor requirement, where brokers presumably will play a big role.
They are also not the only ATM provider / manager IPO forthcoming with India1 payments planning to IPO. Could be some synergies in a merged entity, noting ICICI bank have big stake in India1 so may not be possible. I do wonder who they have in mind for acquisition with the listed peers too big.
https://www.5paisa.com/ipo/india1-payments-ltd-ipo
Ann: FND FY24 Results Presentation, page-30
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