Housing Development Finance Corporation (HDFC) has approved sale of 6.3% of the equity of Computer Age Management Services (CAMS) to Great Terrain Investment, Mauritius, an affiliate of Warburg Pincus group at a total consideration of Rs 209.5 crore. The sale will be completed by up to January 31, 2018. After completion of the sale, HDFC would continue to hold 4.8% of the equity share capital of CAMS.
CAMS is engaged in the business of being a registrar and transfer agent for mutual funds and transfer agency for private equity funds and ECS debit services under user license issued by RBI and under a registration issued by SEBI in favour of CAMS as a registrar and share transfer agent under the SEBI Regulations.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
