Crest Ventures has acquired 11,55,133 equity shares representing approximately 10% stake in CMS IT Services at a total consideration of Rs. 6,47,33,653. CMS IT provides complete solutions to large corporations across all sectors, including banking, insurance, retail, telecom and manufacturing.
Crest Ventures was incorporated to carry on the business of leasing, hire-purchase and investment in securities. It focuses on acquiring and investing in financial assets and real estate.