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Depositories- Clearing Houses and Other Intermediaries
Investment28 Dec 2024, 05:21 pm

CAMS Financial Information Services Private Limited Receives Further INR 8 Crore Investment from Parent Company

AI Summary

Computer Age Management Services Ltd. has approved an additional investment of INR 8 Crore in its wholly owned subsidiary, CAMS Financial Information Services Private Limited ('CAMS FIS'). This investment will be made in one or more tranches, with the first tranche of Rs. 400 lacs to be completed by December 31, 2024. CAMS FIS offers a platform service that shares financial assets data from financial information providers to financial information users. The company's turnover for the last three years is as follows: FY 2023-24 — INR 68.01 lakhs, FY 2022-23 — INR 2.66 lakhs, and FY 2021-22 — INR 0.25 Lakhs. CAMS FIS is incorporated in India and has a presence in the same country.

Key Highlights

  • Computer Age Management Services Ltd. to invest INR 8 Crore in its wholly owned subsidiary, CAMS Financial Information Services Private Limited
  • Investment to be made in one or more tranches
  • First tranche of Rs. 400 lacs to be completed by December 31, 2024
  • CAMS FIS offers a platform service sharing financial assets data
  • CAMS FIS reported a turnover of INR 68.01 lakhs in FY 2023-24
CAMS
Depositories- Clearing Houses and Other Intermediaries
Computer Age Management Services Ltd

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