IGI Logo

Computer Age Management Services is currently trading at Rs. 2610.25, up by 13.75 points or 0.53% from its previous closing of Rs. 2596.50 on the BSE.

The scrip opened at Rs. 2605.05 and has touched a high and low of Rs. 2655.55 and Rs. 2603.90 respectively. So far 3848 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3250.00 on 17-Nov-2021 and a 52 week low of Rs. 2039.00 on 26-May-2022.

Last one week high and low of the scrip stood at Rs. 2689.00 and Rs. 2523.55 respectively. The current market cap of the company is Rs. 12809.87 crore.

The promoters holding in the company stood at 23.74%, while Institutions and Non-Institutions held 43.98% and 32.28% respectively.

Computer Age Management Services has received approval for further investment to the extent of Rs 5 crore in CAMS Financial Information Services, the wholly owned subsidiary Company. The investment will be made in multiple tranches and fully paid-up equity shares 10 each will be allotted to the Company.

CAMS Financial Information Services offers a standardized Account Aggregation service to B2B and B2C customer segments. This platform service primarily ensures that the consenting customers “Financial Assets data” is shared from a set of ‘Financial Information Providers’ (FIP) to one or more authorized ‘Financial Information Users’ (FIU). The investment only involves making of additional investments in the existing wholly owned subsidiary and both Pre and Post investment holding will be 100% in the subsidiary. The Board of Directors of the Company at its meeting held on October 17, 2022 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.