India's TVS Electronics hits near 4-year high on deal with GTID

TVS Electronics

23/08/2022 08:15

** Shares of printer, point of solutions device maker TVS
Electronics  TVEL.NS  up 13.2% at 286.70 rupees - highest since
Sept 21, 2018
    ** TVEL on Monday said it will enter into a business
transfer agreement with hardware consultancy company GTID
Solutions Development Pvt Ltd for 22.5 mln rupees($281,750.11)
 urn:newsml:reuters.com:*:nFWN2ZY172
     ** The deal to enter into mobile POS software solutions and
authentication solutions space will help co offer hardware along
with required applications, digital payment solutions and cloud
computing software solutions to retail, banks and government
segments - TVEL
    **  More than 9.5 mln TVEL shares change hands vs 30-day avg
of 97,946 shares
    *** TVEL stock up 44.1% YTD, up to last close


($1 = 79.8580 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com))