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December 24, 2013

 

Press Release No. 1

Strategic Investment arm of NSE acquires 45 per cent stake in CAMS

 

Computer Age Management Services Pvt. Ltd (CAMS) is a professionally managed, institutionally owned, SEBI regulated entity engaged as an IT-enabled service solution partner to BFSI players, primarily to mutual funds in India. CAMS combines IT infrastructure, domain expertise and process maturity to serve both as a B2B and B2C solutions partner. As a service solutions partner, CAMS has strongly supported the growth of its customers, by continuous investments in technology, infrastructure and human resources.

 

With a view to broad base the ownership, CAMS has brought in a change in the shareholding structure which will give a boost to its clients, company and shareholders. Strategic Investment Corporation, an arm of National Stock Exchange (NSE), India's leading stock exchange, is acquiring a stake to bring this need-based evolution.

 

This association will bring in unique capabilities in expanding the reach of mutual funds and other financial products through the exchange infrastructure of member terminals across the country, apart from its unique capabilities in governance of members, settlement and market making.

 

To realign the shareholding pattern, the Strategic Investment Corporation of NSE has now entered into agreement to invest in CAMS by acquiring 45% of equity capital of CAMS comprising of the entire stake of Advent International, the global private equity partner and a portion of the stake from other shareholders namely HDFC, HDFC Bank and Acsys Software India Pvt Ltd.

 

The balance 55% of shares in CAMS would continue to be held by Acsys Software (India) Private Limited and HDFC group. All three shareholders would be represented on the Board of Directors of CAMS. There will be no change in CAMS management team and structure and business would continue as usual.

 

NSE group greatly values the management and the dedicated team of employees at CAMS and would work with them to achieve the huge potential in expanding the reach of financial products including mutual funds. CAMS and NSE also acknowledge the significant role the current shareholders have played in evolving the business to a diversified BFSI financial infra company with a professional team.

 

 

Press Release No. 2

Clarification by BEML Limited

 

Substantial increase in trading volumes have been observed in BEML Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. BEML Limited has vide its letter inter-alia stated, "We hereby inform that there is no such specific events/ information from our side."

 

 

Press Release No. 3

Clarification by Dewan Housing Finance Corporation Limited

 

Substantial increase in trading volumes have been observed in Dewan Housing Finance Corporation Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Dewan Housing Finance Corporation Limited has vide its letter inter-alia stated, "We had informed the exchanges vide our letter dated 25th July, 2013, that the Company had executed definitive agreements for acquiring 50% equity stake from DLF Ltd., in DLF Pramerica Life Insurance Company Ltd. (DPLI), subject to receipt of requisite regulatory approvals from National Housing Bank (NHB) and Insurance Regulatory and Development Authority (IRDA). Further upon receipt of the said approvals, the Company had on 18th December, 2013 duly informed the exchanges about the closing of the said transaction. Copies of the aforesaid letters are attached herewith for your perusal.

 

Please note that apart from the above event and information there is no other announcement (including pending announcement), to be disclosed by the Company, which may have a bearing on the volume behaviour in the scrip of the Company."