CAMS Acquires Founders' Shares of Fintuple Technologies, Makes Company Wholly-Owned Subsidiary
Computer Age Management Services Limited (CAMS) has completed the acquisition of shares held by the founders of Fintuple Technologies Private Limited ('Fintuple'). This strategic transaction results in Fintuple becoming a wholly-owned subsidiary of CAMS.According to the details provided, CAMS acquired the specified shares in accordance with the terms set out in the Shareholders agreement. The consideration for the acquisition amounted to Rs. 96.67 Lacs.
The completion of this acquisition means that Fintuple Technologies Private Limited is now fully controlled by Computer Age Management Services Limited, marking a significant operational shift for both companies.
CAMS Stock Price Movement
Today, Computer Age Management Services Limited shares edged higher in post-market trading, concluding the session at ₹770.65 after gaining 2.75%. The stock traded a volume of 1.02 million shares during the day's activity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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