Hitachi has entered into share transfer agreements relating to all the issued equity shares of Prizm Payment Services with all the company’s shareholders, including Winvest Holdings(India) Private Limited, Sequoia Capital,Axis Bank and other minority shareholders. Prizm Payment Services is a leading provider of payment services using ATMs and POS systems to banks and financial institutions in India.
Hitachi and Prizm Payment Services will target the end of February 2014 for a completion of the share transfer, in accordance with the terms of the agreements and subject to the regulatory approvals required to consummate the transaction.
Hitachi and Prizm Payment Services will target the end of February 2014 for a completion of the share transfer, in accordance with the terms of the agreements and subject to the regulatory approvals required to consummate the transaction.