HDFC Bank Disposes 2.01% stake in CAMS for Rs.252.34 Cr!

Economy Business

HDFC Bank has divested a 2.01 percent stake in Computer Age Management Services Limited (CAMS) for all cash consideration of ₹252.34 crore. The Bank sold 9,86,315 shares of CAMS (a 2.01 per cent equity stake) through the secondary market route on BSE & NSE between August 25, 2023, and January 23, 2024. The sale price (average) was ₹2,558.43 per share. CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions.


      This reduced the HDFC Bank’s shareholding in CAMS to 3.94% from 5.95% between 25th August 2023 and 23rd January 2024

      The disposal happened through the secondary market route on BSE Limited (formerly Bombay Stock Exchange) and National Stock Exchange of India Limited (NSE India)

      The HDFC Bank sold 9,86,315 shares with an average sale price of Rs.2,558.43 per share.

 

     


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