Computer Age Management Services surges on getting nod to make additional investment in CAMS FIS

30 Dec 2024 Evaluate

Computer Age Management Services is currently trading at Rs. 5074.65, up by 33.80 points or 0.67% from its previous closing of Rs. 5040.85 on the BSE.

The scrip opened at Rs. 5039.55 and has touched a high and low of Rs. 5088.75 and Rs. 4974.40 respectively. So far 4880 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5367.45 on 12-Dec-2024 and a 52 week low of Rs. 2644.45 on 01-Jan-2024.

Last one week high and low of the scrip stood at Rs. 5095.50 and Rs. 4841.70 respectively. The current market cap of the company is Rs. 25072.87 crore.

The Institutions and Non-Institutions held 75.17% and 24.83%, stake in the company respectively.

Computer Age Management Services has received approval for making an additional investment of Rs 8 crore by way of subscribing to the equity shares through rights issue made by CAMS Financial Information Services (CAMS FIS) a wholly owned subsidiary of the company. This investment will be made in one or more tranches.  

Objects of acquisition is to maintain the minimum net worth to be maintained at all times as per Aggregator regulation of Rs 2 crore. Accordingly, it is proposed to infuse further capital by the company within December 2024.The company in its Board meeting held on December 28, 2024, has approved the same.  

Computer Age Management Services offers integrated services for receipt, verification and processing of financial and non-financial transactions for the BFSI (banking, financial services and insurance) sector, largely the mutual fund industry.


Computer Age Man Share Price

3409.90 87.60 (2.64%)
13-Mar-2025 16:59 View Price Chart
Peers
Company Name CMP
Computer Age Man 3409.90
KFin Technologies 914.00
Central Dep. Service
National Sec.Deposit
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