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Computer Age Management Services to acquire majority stake in Fintuple

07 Mar 2022 Evaluate

Computer Age Management Services (CAMS) has entered into Share Subscription and Purchase Agreement and Shareholders Agreement to acquire the majority stake in Fintuple Technologies (Fintuple), a Fintech start-up offering platform and API solutions for AIFs, PMSs, Custodians and Distributors. With the addition of Fintuple Technologies portfolio of offerings, CAMS is geared towards further strengthening its value proposition for AIF and PMS. The transaction is expected to be completed by March 31, 2022.

Acquisition of the shares of Fintuple will be done at a mutually agreed pre-money enterprise valuation. The said pre-money enterprise valuation has not been disclosed herein due to reasons of confidentiality. The company will acquire 51% of the equity shares on a fully diluted basis by a combination of acquisition from existing shareholders and allotment of fresh shares by Fintuple by way of private placement.

Computer Age Management Services offers integrated services for receipt, verification and processing of financial and non-financial transactions for the BFSI (banking, financial services and insurance) sector, largely the mutual fund industry.

Computer Age Man Share Price

748.60 -0.60 (-0.08%)
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