Great Terrain Investment may sell its CAMS shareholding

4 Dec 2023 , 01:58 PM

On December 1, CNBC-TV18 reported that Great Terrain Investment was poised to sell its interest in Computer Age Management Services (CAMS). With a floor price of Rs 2,550 per share, the base issue size is anticipated to be Rs 1,000 crore.

The international equity firm Warburg Pincus is connected to Great Terrain Investment.

According to the report, the transaction size is equivalent to 8% of the outstanding shares and may be increased further.

As of September 2023, the shareholding pattern indicates that 19.87% of the company’s equity is owned by Great Terrain Investment. Additionally, Great Terrain Investment decreased its ownership of the business by a small amount, from 19.92% in the June quarter to that amount in the September quarter.

Simultaneously, more firm shares have been purchased by FIIs and DIIs. While DII holdings climbed to 16.05% from 11.69% in the previous quarter, FII holdings increased from 35.78 percent in the June quarter to 38.61 percent in the September quarter.

CAMS announced a net profit of Rs 83.8 crore, a 16% YoY increase.

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