CMS Info Systems’ promoter -- Sion Investment Holdings Pte has divested a 19.4 per cent stake in the company for Rs 1,071 crore through open market transactions. Sion Investment Holdings Pte is an affiliate of private equity firm Baring Private Equity Asia (now known as BPEA EQT).
According to the bulk deal data available with the BSE, Sion Investment Holdings has sold 3,00,00,000 shares, amounting to 19.4 per cent stake in CMS Info Systems. The shares were offloaded at an average price of Rs 357.17 apiece, taking the aggregate transaction size to Rs 1,071.51 crore.
Aditya Birla Sun Life Mutual Fund (MF), ICICI Prudential MF, Societe Generale, Public Sector Pension Investment Board, Abu Dhabi Investment Authority Stable, Nomura, Massachusetts Institute of Technology and Goldman Sachs were the buyers of the shares.
CMS Info Systems caters to broad set of outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India.
