TVS Electronics has signed Share Subscription Agreement (SSA) and Shareholders Agreement (SHA) with Swiftomatics Services (RoyalPos) to subscribe 2000 Optionally Convertible and Redeemable Preference Shares (OCRPS) of Rs 2500 per OCRPS, with an option to convert into equity shares at the end of the Financial Year 2026-27. Subscription of OCRPS will be completed on or before September 30, 2022.
RoyalPos provides end to end SaaS based application to retail merchants, restaurants and aims to empower small and medium sized enterprises by digitalising and automating daily operations. The company has integrated its Point of Sale products to offer efficient billing solutions to its interested customers.
TVS Electronics is a part of the TVS Group, India’s foremost and well recognised self-owned Business group. The Chennai headquartered company was founded in 1986 as an IT Peripherals manufacturer and has today transformed into a leading Transaction Automation IT Product manufacturer & service provider.
| Company Name | CMP |
|---|---|
| Netweb Technologies | 3832.50 |
| Ivalue Infosolutions | 255.50 |
| DC Infotech and Comm | 312.70 |
| TVS Electronics | 436.45 |
| Control Print | 639.60 |
| View more.. | |
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