It is not clearly worded, so I may be completely wrong....but I interpreted the announcement as saying that they have a new 10 year contract (7+3) with SBI, following the current contract that concludes in Dec 2023. Presumably the new contract starts in January 2024.This new contract commences with 3,375 ATM's, and within 12 months of that new contract, a further 844 ATM's are to be added (ie by January 2025). And all these ATM's sitting in SBI premises will be redeployed as Findi branded ATM's.....laying the platform for integration with digital payments under a Findi brand?
FND Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
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