Promoter Entity Warburg Pincus Exits CAMS With Four Times Returns

The promoter entity of Computer Age Management Services Ltd. has sold its 19.8% stake for Rs 2,700 crore via a block trade.

Great Terrain Investment Ltd., an affiliate of Warburg Pincus LLC, had offloaded 97.5 lakh shares of the company at Rs 2,766.47 apiece, according to data from the Bombay Stock Exchange. After this trade, Great Terrain Investment sold its entire stake and exited the company. The promoter entity had acquired the stake in 2018 at an average weighted cost of Rs 717.80 per share, marking a four times payout at exit.

Among the buyers of the stake, India Acorn Icav bought 11 lakh shares (2.24%), while Morgan Stanley Asia Singapore Pte. bought 7.61 lakh shares (1.54%), and Societe Generale purchased 12.11 lakh shares (2.46%) at Rs 2,766 apiece.

Kotak Mahindra Mutual Fund, Abu Dhabi Investment Authority, and Goldman Sachs (Singapore) Pte. were also among the major buyers.

Shares of CAMS closed 3.21% higher at Rs 2,893.90 apiece, as compared with a 2.07% advance in the Nifty 50.