Deals11 Feb 2026, 09:11 pm
Radiant Cash Management Services Ltd Secures Three-Year Contract from IDBI Bank Limited Worth About INR 35 Crores
AI Summary
Radiant Cash Management Services Ltd has announced that it has received a Letter of Intent (LOI) from IDBI Bank Limited for a three-year contract. The contract, which commences from 01-Apr-2026 to 31-Mar-2029, is valued at approximately INR 35 Crores (including renewal of existing business). The services include Dedicated Secured Cash Van Business, Cash Delivery & Pick-up (‘CDP’) Services in seven zones.
Key Highlights
- Radiant Cash Management Services Ltd has secured a three-year contract from IDBI Bank Limited.
- The contract is valued at approximately INR 35 Crores (including renewal of existing business).
- The services include Dedicated Secured Cash Van Business, Cash Delivery & Pick-up (‘CDP’) Services in seven zones.
- The contract commences from 01-Apr-2026 to 31-Mar-2029.
- The announcement was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.