The balance 55% of shares in CAMS would continue to be held by Acsys Software and HDFC group.
Strategic Investment Corporation, an arm of National Stock Exchange (NSE), has acquired 45% stake in Chennai based R&T CAMS.
Strategic Investment Corporation has brought the entire stake of Advent International, a global private equity partner and a portion of stake from other shareholders – HDFC, HDFC Bank and Acsys Software.
The balance 55% of shares in CAMS would continue to be held by Acsys Software and HDFC group. All three shareholders would be represented on the Board of Directors of CAMS. There will be no change in CAMS management team and structure and business would continue as usual.
“This association will bring in unique capabilities in expanding the reach of mutual funds and other financial products through the exchange infrastructure of member terminals across the country, apart from its unique capabilities in governance of members, settlement and market making,” said a press release issued by NSE.
CAMS provides services to AMCs, private equity funds, banks, NBFCs, and insurance companies. It caters to 17 AMCs.
