Private equity firms like Blackstone and General Atlantic have reportedly been eyeing a majority stake in Karvy Computershare, said a newspaper report published in ‘The Economic Times’.
The report said that both the PE firms are in separate talks to buy close to 74% stake in Karvy Computershare for roughly Rs.2,100 crore.
While Australian R&T Computershare, which has 50% stake in the company, may exit the business by selling it entire stake, Karvy group is likely to offload its 24% stake in the company.
In 2013, the National Stock Exchange bought 45% in CAMS from global buyout fund Advent International.
Currently, Karvy Computershare services 25 fund houses.
