Promoter Nice Terrain Funding exits Laptop Age Administration Companies
Promoter Nice Terrain Funding has exited Laptop Age Administration Companies (CAMS), the mutual fund switch company, by promoting its total shareholding within the firm through open market transactions on December 4.
As per the majority offers knowledge accessible on the BSE, Nice Terrain Funding has bought 97,59,730 fairness shares or 19.87 % of the paid-up fairness of CAMS. These shares had been bought at a mean value of Rs 2,766.47 per share, valuing the stake at Rs 2,700 crore.
The information confirmed that there have been 11 patrons, who acquired 58.17 lakh fairness shares in CAMS at a mean value of Rs 2,766 per share, amounting to Rs 1,609.01 crore.
Marquee international buyers like Societe Generale picked 12.11 lakh shares, Morgan Stanley Asia (Singapore) Pte purchased 7.61 lakh shares, Goldman Sachs (Singapore) bought 3 lakh shares and Abu Dhabi Funding Authority acquired 4.9 lakh shares through block offers.
Amongst others, UTI Mid Cap Fund purchased 2.52 lakh shares in CAMS, Sundaram BNP Paribas Choose Midcap 3.9 lakh shares, Kotak Mahindra Mutual Fund 4.88 lakh shares and Birla Solar Life Mutual Fund 2.69 lakh shares.
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Additional, India Acorn ICAV acquired 11.05 lakh shares in CAMS, IIFL Mutual Fund 3.03 lakh shares and White Oak India Fairness Fund II bought 2.47 lakh shares.
CAMS shares settled the session at Rs 2,884.5 on the BSE, rising 3.4 %, with a quantity of 98.53 lakh shares. The market capitalisation stood at Rs 14,215 crore.
In the meantime, there was additionally an enormous block deal in 360 ONE WAM, the place ICICI Prudential Mutual Fund by means of its ICICI Prudential Worth Discovery Fund purchased 35 lakh fairness shares or 0.98 % of paid-up fairness, at a mean value of Rs 600 per share, valuing at Rs 210 crore.
Promoters Madhu N Jain, Nirmal Bhanwarlal Jain and Venkatraman R bought 1 crore fairness shares in 360 ONE WAM through open market transactions. The stake sale was valued at Rs 600.13 crore.
360 ONE WAM shares rallied almost 3 % to Rs 602.55 on the NSE, with a quantity of 1.22 crore fairness shares.
