Acquisitions17 Dec 2025, 06:14 pm
CAMS Payment Services Receives Authorisation from RBI; Company Executes Business Transfer Agreement for Payment Aggregator Business
AI Summary
Computer Age Management Services Ltd (CAMS) announced that its wholly owned subsidiary, CAMS Payment Services Private Limited (CAMSPAY), has received a Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator. The company has executed a Business Transfer Agreement (BTA) for the sale and transfer of its Payment Aggregator Business to CAMSPAY, with a tentative closing date of December 31, 2025. The Payment Aggregator Business contributed 3.74% to the company's turnover in the last financial year. The consideration for the sale is expected to be up to Rs. 8.5 Crores.
Key Highlights
- CAMS Payment Services Private Limited receives authorisation from RBI as Payment Aggregator
- Company executes Business Transfer Agreement for the sale and transfer of Payment Aggregator Business
- Transaction is between the holding company and its wholly owned subsidiary
- Payment Aggregator Business contributed 3.74% to the company's turnover in the last financial year
- Consideration for the sale is expected to be up to Rs. 8.5 Crores