Transcorp International touches roof on inking pact with Tide
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Transcorp International is locked at its upper circuit limit of Rs. 24.40, up by 2.05 points or 9.17% from its previous closing of Rs. 22.35 on the BSE.
The scrip opened at Rs. 23.80 and has touched a high and low of Rs. 24.55 and Rs. 23.10 respectively. So far 31916 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.05 on 16-Feb-2022 and a 52 week low of Rs. 12.05 on 06-Jul-2021.
Last one week high and low of the scrip stood at Rs. 25.80 and Rs. 20.50 respectively. The current market cap of the company is Rs. 76.28 crore.
The promoters holding in the company stood at 73.22%, while Institutions and Non-Institutions held 0.01% and 26.77% respectively.
Tide has partnered with Transcorp International to launch co-branded prepaid cards (Tide Expense Card) as an entry product. This roll-out stems from Tide’s expansion strategy in India, its first international market outside the UK, and a pillar of its global ambitions.
Tide will offer payment services to small businesses across India, starting with a Tide Business Account, accompanied by a Tide Expense Card. These Tide Expense Cards will be offered in partnership with Transcorp powered by RuPay. Other payment and business services will follow later this year. The partnership leverages the expertise of RuPay, India's indigenous payment network, the long-standing reputation of Transcorp, and Tide’s vast experience with SMEs in the UK, to help small businesses in India save time and money.
Transcorp International is engaged in offering services like Money changing, Money transfer, Tours & travel and Rent-a-car.
