Investment25 Jun 2025, 05:37 pm
CAMS to Invest INR 1 Crore in Subsidiary Fintuple Technologies Private Limited
AI Summary
Computer Age Management Services Ltd (CAMS) has approved an investment of INR 1 crore in its subsidiary, Fintuple Technologies Private Limited, through a rights issue. The investment will be made to support Fintuple's short-term working capital requirements. Fintuple, founded in 2018, offers niche technology solutions in the areas of client digital on-boarding, KYC, Fund Data, Fact sheets and Analysis, and other digital support solutions for AIF and PMS. CAMS currently holds 54% of Fintuple's equity shares, which may vary post the rights issue based on the level of subscription from other shareholders.
Key Highlights
- CAMS to invest INR 1 crore in its subsidiary, Fintuple Technologies Private Limited
- Investment will support Fintuple's short-term working capital requirements
- Fintuple offers niche technology solutions in client digital on-boarding, KYC, and other areas
- CAMS currently holds 54% of Fintuple's equity shares
- The investment will vary based on the level of subscription from other shareholders