Computer Age Management Services Limited — Important, 28-12-2024: General Updates

The company has approved an additional investment of INR 8 Crore in its wholly owned subsidiary, CAMS Financial Information Services Private Limited (CAMS FIS), through a rights issue. This investment will occur in one or more tranches, with the first tranche of INR 4 Crore expected to be completed by the end of December 2024. The ongoing capital infusion aims to maintain the minimum net worth required under aggregator regulations, set at INR 2 Crore. With this investment, the company will retain its 100% ownership of CAMS FIS, which operates in the financial services sector, specifically focusing on account aggregation. The subsidiary has shown notable growth, with a turnover of INR 68.01 lakhs for FY 2023-24, up from INR 2.66 lakhs the previous year. Investors should watch closely as this move positions the company to comply with regulatory requirements while maintaining a strong foothold in the financial services market.