Private equity fund Warburg Pincus is close to buying a 49% stake in Computer Age Management Services (CAMS), India's largest share registry and transfer agent, valuing the company at about Rs 3,500 crore, two people with direct knowledge of the plan said.
The New York-based private equity firm, which started investing in India in the mid-'90s, has the option to take control of CAMS and increase its stake in the company to as much as 74%.
"The deal will involve a significant minority stake purchase initially and enables Warburg Pincus to hike its stake in the future in a staggered manner," said one of the people.
