Promoter Great Terrain Investment exits CAMS for Rs 2,700 crore

Promoter Great Terrain Investment exits CAMS for Rs 2,700 crore

The bulk deals data showed that there were 11 buyers, who acquired 58.17 lakh equity shares in CAMS at an average price of Rs 2,766 per share, amounting to Rs 1,609.01 crore

Sunil Shankar Matkar

December 04, 2023 / 09:33 PM IST

Promoter Great Terrain Investment exits Computer Age Management Services

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Promoter Great Terrain Investment has exited Computer Age Management Services (CAMS), the mutual fund transfer agency, by selling its entire shareholding in the company via open market transactions on December 4.

As per the bulk deals data available on the BSE, Great Terrain Investment has sold 97,59,730 equity shares or 19.87 percent of the paid-up equity of CAMS. These shares were sold at an average price of Rs 2,766.47 per share, valuing the stake at Rs 2,700 crore.

The data showed that there were 11 buyers, who acquired 58.17 lakh equity shares in CAMS at an average price of Rs 2,766 per share, amounting to Rs 1,609.01 crore.

Marquee global investors like Societe Generale picked 12.11 lakh shares, Morgan Stanley Asia (Singapore) Pte bought 7.61 lakh shares, Goldman Sachs (Singapore) purchased 3 lakh shares and Abu Dhabi Investment Authority acquired 4.9 lakh shares via block deals.

Among others, UTI Mid Cap Fund bought 2.52 lakh shares in CAMS, Sundaram BNP Paribas Select Midcap 3.9 lakh shares, Kotak Mahindra Mutual Fund 4.88 lakh shares and Birla Sun Life Mutual Fund 2.69 lakh shares.

Also read: FIIs buy Rs 2,073 cr equities on Dec 4; push Nifty, Bank Nifty to all-time high after BJP’s ‘Triple Sunday’ effect

Further, India Acorn ICAV acquired 11.05 lakh shares in CAMS, IIFL Mutual Fund 3.03 lakh shares and White Oak India Equity Fund II purchased 2.47 lakh shares.

CAMS shares settled the session at Rs 2,884.5 on the BSE, rising 3.4 percent, with a volume of 98.53 lakh shares. The market capitalisation stood at Rs 14,215 crore.

Meanwhile, there was also a big block deal in 360 ONE WAM, where ICICI Prudential Mutual Fund through its ICICI Prudential Value Discovery Fund bought 35 lakh equity shares or 0.98 percent of paid-up equity, at an average price of Rs 600 per share, valuing at Rs 210 crore.

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

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

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