CAMS stock hits new 52-week high as its services for Franklin Templeton seen to commence on July 19

"We would like to inform that the process of transition is nearing completion and the Company’s services for FT is expected to commence on July 19, 2021," CAMS added.

Jul 14, 2021 02:07 IST India Infoline News Service

Computer Age Management Services (CAMS) has touched a new 52-week high of Rs3315 per piece on Sensex during Wednesday's trading session following the company announced that it's for Franklin Templeton is expected to commence on July 19, 2021.

In a regulatory filing today, CAMS said that "we refer to (i) the prospectus dated September 24, 2021, filed in connection with the initial public offering of equity shares of the Company wherein it was disclosed that the Company has been appointed as the registrar to issue and transfer agent by Franklin Templeton Asset Management (India) Private Limited (“FT”); and (ii) our investor presentation filed with the Exchanges on February 11, 2021, wherein it was informed that the transition including rebadging of certain employees of FT to the Company’s rolls is in progress."

"We would like to inform that the process of transition is nearing completion and the Company’s services for FT is expected to commence on July 19, 2021," CAMS added.

At around 2.30 pm, CAMS was trading at Rs3275 per piece up by Rs262.80 or 8.7% on Sensex. 

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