Avendus Capital and Spark Capital Advise an Affiliate of Warburg Pincus on Its USD 54 mn Stake Sale in CAMS
Great Terrain Investment Ltd, an affiliate of Warburg Pincus, sold its 3.74% stake in Computer Age Management Services (CAMS) worth USD 54 million (INR 428 crore) recently. The transaction was executed at INR 2,306.18 per share, a tight discount of 3.0% to 18th August’s closing price of INR 2,378 per share. The demand was predominantly from Long Only Funds, which was a combination of both FIIs and Domestics.
Avendus Capital and Spark Capital advised Great Terrain, an affiliate of Warburg Pincus, on this transaction.
About CAMS
Computer Age Management Services (CAMS) is India’s largest Registrar and Transfer Agent (RT&A) with a 69% market share and an AUM of INR 26.2 trillion as of June 2022. The company has a pan-India physical network comprising 279 service centres spread over 25 states and 5 union territories.
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