Mortgage lender Housing Development Finance Corp. Ltd (HDFC) has revised its stake sale plan in Computer Age Management Services Pvt. Ltd (CAMS) to Warburg Pincus and will now sell only 5.1% of holdings to the latter, HDFC said in a stock exchange filing.
CAMS is a registrar and transfer agent that offers physical touch point for receipt, verification and processing of financial and non-financial transactions. CAMS also provides back-end services to mutual fund houses related to subscription, redemption, SIP, transfer and dividend. It is also engaged in services related to insurance, venture funds, banks and NBFCs.