CAMS (Computer Age Management Services), has a load of Private Equity funds waiting to pick up the 15% stake in the company, which would amount to $60 million.
Standard Chartered PE, Citigroup Venture Capital International (CVCI) and Carlyle are in the fray.
According to ET, Cams is the leading registrar and transfer agent for mutual funds (MF) industry. The HDFC group currently owns 49% in Cams, which offers a complete suite of services covering mutual funds. Cams entered the area of transaction processing and customer care around the time of rebirth of MF market in India, that is in 1995, and is currently making use of technology to make back-end processes in MF industry more efficient.
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