CAMS-IPO Releasing on 21.09.2020 - Complete Details | TAMIL | MMM

Dear Millionaires

, NSE Investment Ltd is completely divesting its stake in Computer Age Management Services (CAMS), India’s largest registrar and transfer agent of mutual funds, through an initial public offering (IPO), taking advantage of a recovery in equities after covid-led disruptions. At present, NSE Investment Ltd, a wholly owned subsidiary of NSE, holds a 37.48% stake in CAMS. The IPO will be open for subscription on 21-23 September at a price band of ₹1,229-1,230 apiece. The company aims to raise ₹2,242 crore through the IPO, proceeds of which will not be received by CAMS. Other marquee shareholders in CAMS are Great Terrain, an affiliate of Warburg Pincus, which holds 43.50%, and HDFC, and HDFC Bank with 5.99% and 3.33%, respectively. Watch | Like | Subscribe