Transcorp International is locked at upper circuit at Rs. 20.15, up by 0.95 points or 4.95% from its previous closing of Rs. 19.20 on the BSE.
The scrip opened at Rs. 19.90 and has touched a high and low of Rs. 20.15 and Rs. 19.50 respectively. So far 80,000 shares were traded on the counter.
The BSE group 'XD' stock of face value Rs. 2 has touched a 52 week high of Rs. 20.15 on 30-Aug-2016 and a 52 week low of Rs. 9.80 on 17-Mar-2016.
Last one week high and low of the scrip stood at Rs. 20.15 and Rs. 14.10 respectively. The current market cap of the company is Rs. 51.23 crore.
The promoters holding in the company stood at 73.22%, while Institutions and Non-Institutions held 0.02% and 26.77% respectively.
Transcorp International has received in-principle approval from the Reserve Bank of India (RBI) for running ‘semi closed pre-paid payment instruments (PPI)’ service. Semi-Closed PPI are payment instruments which can be used for purchase of goods and services, including financial services at a group of clearly identified merchant locations/ establishments which have a specific contract with the issuer to accept the payment instruments. Apart from this, payment wallets can also be created.
Transcorp is one of the leading principal agents of Western Union with having more than 40 own locations and a franchisee network of more than 7,500 throughout the country. It is also an authorized dealer category II licensed by RBI and providing money changing service from 21 of its own locations.
