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Piramal Alternatives to deploy Rs 200 crore in ATM player TSI India
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Piramal Alternatives to deploy Rs 200 crore in ATM player TSI India
By
Reghu Balakrishnan
, ET BureauLast Updated: Dec 03, 2023, 05:35:10 PM IST
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Synopsis
The country’s leading ATM operator, Transactions Solutions International (India), has secured Rs 200 crore of investment from Piramal Alternatives. TSI has more than 14,000 ATMs under management and offers automated Bill Pay solutions for utility companies.


The country’s leading ATM operator, Transactions Solutions International (India), has secured Rs 200 crore of investment from Piramal Alternatives. TSI has more than 14,000 ATMs under management and offers automated Bill Pay solutions for utility companies.

The investment by Piramal Alternatives comes from their Performing Credit Fund (PCF), according to senior executives.


Canadian fund CDPQ is the major investor in the $300-million PCF. CDPQ