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Market Rumors: AGS Transact, Palm Hills

By Chelsea Naso (January 6, 2015, 8:51 PM EST) -- India's AGS Transact Technologies Ltd., which is partly owned by U.S. private equity firm TPG Capital, is said to be set to file an application for an initial public offering to raise up to $200 million, Reuters reported Tuesday, citing people with direct knowledge of the matter. AGS, which supplies and maintains ATM machines, is looking to benefit from the country's push to expand banking services, the report said. The company has tapped Citigroup Inc. and local investment banks Kotak Mahindra Capital, ICICI Securities and Axis Capital to manage the offering....

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