Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Around 4.2 crore shares of CMS Info Systems, accounting for a 27.1 percent stake, was sold by promoter Sion Invst Holdings via a block deal on February 27. The total deal was worth Rs 1,594 crore.
The transaction was executed at a floor price of Rs 375.30 a share against the closing price of Rs 397.35 in the preceding session.
Follow our market blog for live updates
In June 2023, Sion Investment Holdings, an affiliate of Baring Private Equity Asia, offloaded 13.8 percent stake for Rs 638 crore at an average price of Rs 300.23 a share. It sold another 19.4 percent stake for Rs 1,071 crore in October. In March 2023, the promoters held around 60 percent stake in the company.
In Q3FY24, CMS Info Systems, which is a cash management and payment solutions company, reported a 14.91 percent year-on-year increase in PAT at Rs 87 crore. Revenue grew 19 percent to Rs 582 crore.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!