Great Terrain Exits CAMS with Rs 2,700 Crore Stake Sale; Global Investors Snap Up Shares

5 Dec 2023 , 01:59 PM

Great Terrain Investment, the promoter of Computer Age Management Services (CAMS), exits the mutual fund transfer agency by selling its entire 19.87% shareholding in open market transactions.

The bulk deal data on BSE reveals the sale of 97,59,730 equity shares at an average price of Rs 2,766.47 per share, valuing the stake at Rs 2,700 crore.

Notable global investors, including Societe Generale, Morgan Stanley Asia, Goldman Sachs, and Abu Dhabi Investment Authority, acquire significant stakes in CAMS via block deals.

CAMS shares close at Rs 2,884.5 on the BSE, up 3.4%, with a volume of 98.53 lakh shares, resulting in a market capitalization of Rs 14,215 crore.

In another significant block deal, ICICI Prudential Mutual Fund buys 35 lakh equity shares (0.98% of paid-up equity) of 360 ONE WAM at an average price of Rs 600 per share, totaling Rs 210 crore.

Promoters Madhu N Jain, Nirmal Bhanwarlal Jain, and Venkatraman R sell 1 crore equity shares in 360 ONE WAM via open market transactions, with the stake sale valued at Rs 600.13 crore.

360 ONE WAM shares rise nearly 3% to Rs 602.55 on the NSE, with a trading volume of 1.22 crore equity shares.

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