Press Esc to close
Saturday 01 October 2016
News updated at 2:20 AM IST
Weather
Max: 29.4°C
Min : 21.4°C
In Bengaluru
Generally cloudy

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
A hair stylist Kailash Kashid creates a special hair cut slogan of Maratha Kranti Morcha...

A hair stylist Kailash Kashid creates a special hair cut slogan of Maratha Kranti Morcha...

Actor Salman Khan plays with his sister Arpita's kid at an event for the tie-up between...

Actor Salman Khan plays with his sister Arpita's kid at an event for the tie-up between...

Artisans work on a giant model of Hindu god Ganesh during preparations for the upcoming Durga Puja..

Artisans work on a giant model of Hindu god Ganesh during preparations for the upcoming Durga Puja..

The palace witnessed very little visitors on the day and thus children enjoy playing at the...

The palace witnessed very little visitors on the day and thus children enjoy playing at the...

Temples submerged at Gwari Ghat due to floods caused in Narmada River by heavy rains...

Temples submerged at Gwari Ghat due to floods caused in Narmada River by heavy rains...

Indian Army vehicles move towards border areas in Akhnoor sector on India Pakistan Border...

Indian Army vehicles move towards border areas in Akhnoor sector on India Pakistan Border...

BJP activists celebrate the Indian army's Surgical strikes along the Line of Control in PoK...

BJP activists celebrate the Indian army's Surgical strikes along the Line of Control in PoK...

all-party meeting in New Delhi on Thursday following Indian army's surgical strikes along the LoC...

all-party meeting in New Delhi on Thursday following Indian army's surgical strikes along the LoC...

People celebrate after Indian army's Surgical strikes along the Line of Control...

People celebrate after Indian army's Surgical strikes along the Line of Control...

Artists practice the Garba dance ahead of the Navratri festival in Ahmedabad...

Artists practice the Garba dance ahead of the Navratri festival in Ahmedabad...

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