Press Esc to close
Wednesday 03 September 2014
News updated at 10:14 AM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

NSE arm buys 45% stake in CAMS

New Delhi, December 24, 2013, PTI:

Leading bourse NSE’s strategic investment arm on Tuesday acquired 45 per cent stake in Computer Age Management Services (CAMS), a technology solution provider for mutual funds and other financial services.

While the deal value has not been disclosed, the strategic investment is expected to boost volumes on the mutual funds trading platform on NSE.

The 45 per cent stake is being purchased by Strategic Investment Corporation, a subsidiary of NSE, from Advent International, HDFC, HDFC Bank and Acsys Software India.

While Advent’s entire holding has been purchased, the others would continue to own part of their holdings. The balance 55 per cent of shares in CAMS would be held by Acsys and HDFC group.


All three shareholders (Strategic Investment Corp, HDFC and Acsys) would be represented on the Board of Directors of CAMS, the exchange said in a statement.

Go to Top

Photo Gallery
England's Steven Finn survives a run out attempt

England's Steven Finn survives a run out attempt

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

England's Chris Woakes, right, is run out for 10 runs...

England's Chris Woakes, right, is run out for 10 runs...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523