CMS Info Systems Acquires ATM Management Solutions Business from Financial Software and Systems
CMS Info Systems Limited announced March 28, 2026, that its Board of Directors has approved the acquisition of ATM management assets and customer contracts from Financial Software and Systems Private Ltd (FSS). The acquisition includes all underlying operating assets pertaining to FSS’s ATM Management solutions business and the novation of associated customer contracts, encompassing approximately 8,000 ATMs.The purchase consideration for the acquisition is up to ₹115 crores.
According to a statement released, the parties involved in the agreement are FINANCIALSOFTWAREAND SYSTEMS PRIVATE LIMITED ('FSS'). The transaction is not considered a related-party transaction.
No shares will be issued as part of the acquisition, and there are no nominees on the board of directors or potential conflicts of interest related to the transaction.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: