CAMS declares IPO; NSE to dump complete stake

Mumbai, September 16

CAMS, which acts as a registrar and switch agent (RTA) for mutual funds, on Wednesday introduced its preliminary public providing (IPO), focusing on to boost Rs 2,240 crore from buyers amid the liquidity flush.

The supply will see sale of 1,82,46,600 fairness shares or 37.4% stake by NSE Investments, the subsidiary of NSE.

The complete quantum of shares being offered to buyers is NSE’s holding and there is not going to be any new situation of shares which can see cash coming into the corporate.

The firm’s chief govt Anuj Kumar stated NSE determined to promote its complete holding within the firm after capital markets watchdog SEBI directing the highest fairness bourse to pare its holding within the firm. The situation will open on September 21 and shut of September 23. Before that, the anchor buyers’ portion will open on September 18, it stated. — PTI

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