Raminfo has received a Letter of Intent (LoI) from Rajcom Info Services (Rajasthan Government's Company) for establishment of 10,000 Business Correspondent (BC) networks in Rajasthan state.

The contract period is for one year and the contract period may be extended for one more year. With this order Raminfo forays in Financial Inclusion (FI) / Banking correspondent activities.

Raminfo is one of the leading providers of technology solutions for some of the premier organisations across Government, Banking, Insurance, and Retail sectors.Shares of the company gained Rs 4.3, or 12.04%, to trade at Rs 40.00. The total volume of shares traded was 2,478 at the BSE (10.06 a.m., Monday).